WeWork cutting 7% of staff

WeWork, the fast-growing shared workspace startup, is cutting about 7 percent of its staff and plans to temporarily pause hiring, according to a Bloomberg article citing internal emails. The cutbacks come three months after New York-based WeWork raised a $430 million funding round amid plans for aggressive expansion, including new workspaces in Asia and the U.S. launch of a private bedroom rental business called WeLive.

… Bloomberg via Crunchbase

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