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WeWork Competitor Knotel Lays Off, Furloughs Half of Staff

By Cory Weinberg
· · Source: Commercial Observer

Knotel, a New York-based real estate startup, laid off or furloughed about 200 people on Friday, the Commercial Observer reported. CEO Amol Sarva told employees on a video conference Friday it was cutting deep under the assumption the office leasing startup would have little revenue until August or September, a person familiar with the matter said. The cuts hit about half of Knotel’s staff. The...

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