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WeWork Set To Lay Off 2,400 Employees In Cost-Saving Measure
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The transcript discusses WeWork's restructuring plan following a failed IPO attempt, which led to layoffs aimed at creating a more efficient organization. Affected employees are offered severance and support. The failed IPO resulted in leadership changes and a bailout from SoftBank. Additionally, WeWork faces legal and financial scrutiny from the New York State Attorney General and the SEC.
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