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WeWork Plans to Shed One-Third of Technology Employees

WeWork expects to shed about 500 of the roughly 1,500 software engineers, product managers and data scientists employed in the company’s technology division, a person familiar with the matter said, as a result of layoffs and selling businesses. The job cuts could further dilute WeWork’s identity as a tech company in the real estate industry.

About 350 of the job cuts would come from layoffs in WeWork’s main corporate division, while an additional 150 cuts would come from the spinoff or sale of companies such as Teem and SpaceIQ that WeWork has acquired recently, the person said. It would be a significant reduction to a tech team that has swelled in just the last two years under the leadership of former Google, Amazon and Twitter executives.