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WeWork to make further staff cuts by end of May

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SAN FRANCISCO : Despite eliminating thousands of positions in the last six months, WeWork plans to keep cutting.

The company will make further headcount reductions by the end of next month, Sandeep Mathrani, the chief executive officer, said at a staff meeting Tuesday.

He didn’t specify the size of the cuts but said he hoped this would be the last round, according to audio from the meeting reviewed by Bloomberg.

Mathrani spoke alongside Marcelo Claure, WeWork’s executive chairman and operating chief at the company’s largest investor, SoftBank Group Corp.

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