WeWork has reportedly postponed thousands of layoffs because it's too broke to pay workers severance
Associated PressAdam Neumann, cofounder and chairman of WeWork, which is reportedly running short of cash.WeWork has delayed laying off thousands of workers, because it doesn't have enough cash to pay them severance, The Wall Street Journal reported Monday.The company reportedly could run out of cash by next month unless it gets new funding, and was planning on cutting jobs to save money.How the company will handle severance has been a hot topic of conversation, and employees are particularly concerned about the WeWork shares they hold.WeWork's board expected to review funding offers from SoftBank and JPMorgan on Tuesday.Read all of Business Insider's WeWork coverage here.WeWork, it seems, is in a bit of a Catch 22.With money running short after a failed initial public offering, WeWork has
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