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