WeWork is going to have to pull billions of dollars out of somewhere under Softbank ownership.
What WeWork isn’t increasing is hiring: our next chart tracks the company’s hiring, specific to New York City.
In New York, which – according to Business Insider – contains the greatest concentration of WeWork properties, it has reduced job postings by 76% from the 2019 peak we can track.
What’s noteworthy – especially compared to our final chart – is that WeWork job posting cuts appear to have bottomed out in New York City – but not globally.
Lately, WeWork has added job postings back to online listings, so this could be a bottom for jobs in the Big Apple.
Globally, the story is the same with WeWork – it has slashed more than 1,000 job postings, to go along with 2,400 staffers it let go Thursday, November 21.
Lately, WeWork has trimmed nearly 75% of job postings from its company globally, as our final chart reflects.