WeWork Lays Off at Least a Dozen Lawyers as Part of Broader Cuts

At least a dozen in-house lawyers were among the 2,400 layoffs last week at the parent of co-working giant WeWork, according to individuals with direct knowledge of the matter and documents viewed by Bloomberg Law.

The WeWork layoffs followed an aborted $3.5 billion initial public offering, the departure of former CEO Adam Neumann, and a tentative $9.5 billion bailout by Japan’s SoftBank Group, which has temporarily saved the faltering company.

Two in-house attorneys at WeWork who spoke with Bloomberg Law on the condition of anonymity, citing the sensitivities of colleagues affected by the layoffs and nondisclosure agreements attached to severance ...