WeWork employees request ‘fair’ layoffs in letter blasting ‘greed’ of ex-CEO

Employees at WeWork — which last month gave its ousted CEO Adam Neumann a $1.7 billion golden parachute — are demanding “fair and reasonable separation terms” as they brace for layoffs.

More than 150 workers at the office subleasing company said in a letter they are banding together after witnessing “deception, exclusion and selfishness playing out at the company’s highest levels.”

Pointing to Neumann’s 10-figure payday and $46 million annual “consulting fee,” the letter casts its demands as reasonable by comparison.

Chief among the demands is severance “commensurate with their contributions, including severance pay, continuation of company-paid health insurance and compensation for lost equity.”

WeWork has called this claim ‘meritless’.

Source: NY Post

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  1. November 11, 2019

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