SoftBank-backed WeWork lays off 300 employees ahead of hiring binge

SoftBank-backed WeWork lays off 300 employees ahead of hiring binge

Coffee dispensers sit on a counter in a kitchen area at the Embarcadero WeWork Cos Inc. offices in San Francisco, California, U.S., on Thursday, Oct. 19, 2017. Photographer: Mike Short/Bloomberg

Co-working giant WeWork Cos. cut about 300 employees this week, or roughly 3 percent of its workforce, in what it described as performance-related dismissals.

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