Some WeWork employees believe working for the company has hurt their careers
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As WeWork commences its layoffs this week, some WeWork employees are concerned that their time with the company has hurt their careers.
Some are worried about the impact of their association with WeWork, employees told Business Insider. This comes after the company's initial-public-offering ambitions imploded under a barrage of headlines about the hard-partying tequila-drinking culture created by founder and ousted CEO Adam Neumann — along with questions over its corporate governance, business model, and self-dealing in the executive suite.
But, Business Insider previously reported, while Neumann was living large, employees under him were working long, hard hours.
One current WeWork manager, who just celebrated his four-year anniversary at the company, addressed this concern head-on when he offered to help those who were cut in the layoffs.
"Don't think for a second that the tumultuous headlines you've seen translate beyond the c-suite. There are a ton of driven, creative, entrepreneurial, resilient friends hitting the job market," Jesse Ganes, the director of architecture, product development, and management, wrote in a LinkedIn post on Thursday. Ganes declined to give further comment.
Many WeWork employees have been looking for new jobs for months, ever since the company started warning them that big layoffs were coming. Those layoffs began in earnest this week, with the company saying that it has plans to cut 2,400 people. WeWork is also transferring about 1,000 janitorial and facilities-management staff off its payroll to roles with a contractor.
One person who worked for WeWork in New York on special programs told Business Insider that getting a new job offer wasn't hard but that the offers were for salaries smaller than at the WeWork job.
"Everyone knows where we are, so the lowball offers are coming strong. It's like a drip campaign; everyone knows that everyone applying who works at WeWork can be lowballed," this person said.
A Blind survey
A survey of WeWork employees on Blind conducted for Business Insider found that others share these sentiments. Blind is the anonymous chat app for employees that validates work email addresses but does not reveal the person behind the username.
In a survey of 230 respondents, 38% said they worried that negative perception toward the company would hurt their career. This also means that 62% were not concerned. About half the people who responded said they feared that layoffs would affect them.
Likewise, 132 people responded to a poll asking them if working at WeWork would negatively affect their compensation from their next employer. Sixty-eight percent of respondents were actively looking for a new job, and 30% said they were, in fact, worried about lowball offers.
Interestingly, that worry was more intense for folks with nontech roles, 34% versus the 26% for those who had tech roles. Demand remains high for skilled programmers and IT professionals. Equally interestingly, 81% of the people with tech roles said they were actively seeking a new job.
WeWork did not immediately respond to a request for comment.
Are you an insider with insight to share? Contact Julie Bort on encrypted chat app Signal at (970) 430-6112 using a nonwork phone (no PR inquiries, please), or email at jbort@businessinsider.com. Open DMs on Twitter @Julie188.
- Now read:
- Sex, tequila, and a tiger: Employees inside Adam Neumann's WeWork talk about the nonstop party to attain a $100 billion dream and the messy reality that tanked it
- People have noticed WeWork's 'sad' empty booth at a big software developer conference
- WeWork layoffs began on Monday, sources say, with one person calling it a 'small mercy'
- WeWork's toxic phone booths were created in-house by its Powered by We business
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Julie Bort was Business Insider's Editor at Large for the Tech team. She loves investigating stories and shedding light on the tech industry's most amazing people.Here's a small sample of some of Julie's work.Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul'Sex, tequila, and a tiger: Employees inside Adam Neumann's WeWork talk about the nonstop party to attain a $100 billion dream and the messy reality that tanked itInsiders say WeWork's IT is a patchwork of cheap devices and Band-Aid fixes that will take millions to fixWeWork's toxic phone booths were created in-house by its Powered by We business70-hour weeks and 'WTF' emails: 42 employees reveal the frenzy of working at Tesla under the 'cult' of Elon MuskElon Musk works so many hours at Tesla, employees are constantly finding him asleep under tables and desksHow this woman went from a Pizza Hut employee to a founder of a $4 billion startupAn Oracle insider explains how some salespeople gamed the system to sell more cloudTHE TAKEDOWN OF TRAVIS KALANICK: The untold story of Uber's infighting, backstabbing, and multimillion-dollar exit packagesMicrosoft is in talks to buy GitHub, a startup at the center of the software world last valued at $2 billionThe alarming inside story of a failed Google acquisition, and an employee who was hospitalizedInside Facebook's plan to eat another $350 billion IT marketHow a registered sex offender wound up living in an Airbnb hosting unsuspecting guestsA controversial ex-banker is the person who really runs Twitter — and he's gambling the company's future on one risky betSecret passages and skipped meals: Oracle's CEO gave us a rare peek at what it really takes to run a $37 billion companyHP told some employees to choose between becoming contractors with no benefits or being fired without severance'I felt like we were being extorted': Customer says Oracle tried to strong-arm him into a cloud saleHow the queen of Silicon Valley is helping Google go after Amazon's most profitable businessAirbnb host: A guest is squatting in my condo and I can't get him to leaveLIES, BOOZE, AND BILLIONS: How one of the fastest-growing startups in Silicon Valley history raised $580 million then spiraled out of controlGitHub is undergoing a full-blown overhaul as execs and employees depart — and we have the full inside storyWhen she's not writing for Business Insider, Julie can usually be found on the trails, on my mountain bike, or on my skis, if you know where to look.
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