WeWork layoffs, on the record
Every job cut, severance charge and restructuring WeWork reported in its annual reports, 2020 to 2022, quoted from the filings.
Job cuts, severance and restructuring
None of WeWork’s annual reports for 2020 to 2022 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2019-12-31 | $139.3 million | $329.2 million | — |
| 2020-12-31 | $192 million | $207 million | $379.2 million |
| 2021-12-31 | $558 million | $434 million | $424 million |
| 2022-12-31 | $32 million | −$200 million | $213 million |
WeWork has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from WeWork’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-03-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.