WeWork Set To Lay Off 2,400 Employees In Cost-Saving Measure

The transcript discusses WeWork's restructuring plan following a failed IPO attempt, which led to layoffs aimed at creating a more efficient organization. Affected employees are offered severance and support. The failed IPO resulted in leadership changes and a bailout from SoftBank. Additionally, WeWork faces legal and financial scrutiny from the New York State Attorney General and the SEC.

Who was ousted as a result of the failed IPO?

What investigations is the company currently facing?