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Monday 30 December 2019

WeWork laid off 2,400 employees—but its execs just got a potential $18 million extra


<p>Thousands of layoffs and a cash crunch have not deterred WeWork from generous exit packages.</p><br /><p>Despite announcing 2,400 layoffs last month&#xA0;(with potentially more to come), WeWork continues to reward the executives who steered the company from potential huge IPO to financial disaster. The&#xA0;<em>Financial Times&#xA0;</em>reports&#xA0;that current co-CEOs&#xA0;Artie Minson and Sebastian Gunningham&#x2014;Minson was formerly the president and co-chief operating officer, and Gunningham was the vice chair and chief automation officer, before they were promoted to the joint CEO position after founder Adam Neumann was forced out by the board&#x2014;will likely receive $8 million each if they leave, and chief legal officer Jennifer Berrent will receive $1.5 million. The board has already&#xA0;considered removing all three.</p><p>Read Full Story</p><div class="feedflare"><br /> <br /></div>

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