“WE WORK” TO LAY OFF 4000 EMPLOYEES; SELLS ITS SHARES FOR HUGE PRICE

The economic depression around the world has forced a lot of companies to lay off thousands of employees.

The situation has worsened over the period of time in different business sectors including automobile and major IT sectors.

Of late, one of the popular companies "We Work" has decided to lay off 4000 employees due to an extremely unavoidable reason.

Reportedly We Work sold 80% of their shares to Japan's Soft Bank Groups for 10 billion dollars. Adam Numan, the co-founder of the company alone received Rs 1.7 billion dollars.

As per reports, the decision has been taken to improve the growth of high profile shareholders of the company.