“As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization.” The Guardian: WeWork announces 2,400 employees to lose their jobs. (Maybe they should get to split up Adam Neumann’s $1.7 billion severance package…)

+ “For an embattled CEO running a company on life support, being the subject of a takedown by the business paper of record would mean instant career death. But Neumann, characteristically, assured colleagues that the article was not much more than a speed bump. He controlled 65 percent of the stock and had the power to fire the board of directors if the board moved against him. (So confident was Neumann of his job security that he once declared during a company meeting that his descendants would be running WeWork in 300 years.)” Vanity Fair: “You Don’t Bring Bad News to the Cult Leader”: Inside the Fall of WeWork.