WeWork Laying Off Thousands <br />for Financial Stability.<br />A source tells 'The New York Times' that up to 6,000 could lose their jobs with the real estate company.<br />According to Chairman <br />Marcelo Claure, the <br />layoffs will start this week.<br />The cuts come during <br />a turbulent time for <br />WeWork, who recently <br />abandoned plans to go public.<br />For 2019's third quarter, it also posted a loss of over $1.2 billion.<br />Compared to 2018's Q3, the start-up's losses have jumped 150 percent.<br />Last month, WeWork was also rescued by Japan's SoftBank <br />through a $5 billion package.<br />Though the deal kept it from running out of money, SoftBank now has 80 percent of <br />WeWork's ownership
