WeWork — Layoffs with Tequila Toast

WeWork’s 2016 layoff of 7% of staff—about 400 people—was immediately followed by a company party with tequila shots and a Run-DMC performance, displaying staggering insensitivity. Adam Neumann’s $60 million payout that year contrasted with the 0% severance boost for fired employees, a ratio that is 30% worse than #8 Coinbase’s rescinded offers because it mocked loss publicly. The data point of 400 affected lives highlights a celebration cost of over $500,000, making the comparison to Coinbase’s private rescissions stark.