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U.S. share office leader We work to reduce all employees by 20%

2019-11-22T00:40:40.335Z

The US share office giant, WeWork, which contributed to the SOFTBANK Group's deficit settlement, will reduce 20% of all employees on the 21st.



U.S. share office leader We Work to reduce all employees by 20% November 22 9:38

Wework, a major US share office company that contributed to the deficit of the SoftBank Group, announced on the 21st that it will cut 20% of all employees. The effect of this large-scale restructuring will be noted as the reorganization of WeWork affects the future performance of SOFTBANK.

According to WeWork, the plan is to reduce 2400 people worldwide, especially in the United States, which accounts for over 19% of all employees.

During the announcement, WeWork stated that it was “to create a more efficient organization,” and it is a policy of restructuring the business by concentrating management resources in the office business in conjunction with personnel reduction.

Wework, which received a large amount of investment from the Softbank Group, was pointed out that its management structure was sloppy and gave up its listing of shares in the fall. Received financial support.

On the other hand, Softbank, for this additional support, the interim financial results until September fell into the operating deficit for the first time in 15 years.

In the future, SoftBank will not provide support for relief, and as a workwork, it is urgently necessary to rebuild the business, but conversely, whether or not the successful management reconstruction will affect the future performance of SoftBank itself. It is attracting attention only to give.

Source: nhk

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