WeWork lays off 2,400 employees

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Embattled office-sharing startup WeWork confirmed on Thursday that it had cut 2,400 jobs in a round of layoffs following its failed IPO attempt.

WeWork began to meet with employees to announce the layoffs Thursday morning at 10 AM, a source familiar with the matter told Business Insider.See the rest of the story at Business InsiderNOW WATCH: How autopilot on an airplane worksSee Also:Silicon Valley is just realizing that profitable companies are wise investments, but Austin-based Next Coast Ventures has a 130 million head-start in its second fundWeWork layoffs began on Monday, sources say, with one person calling it a 'small mercy'Read the leaked email from WeWork's chairman telling employees that layoffs will begin 'in earnest' this week

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