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Thousands of jobs to go at Citrix and Tibco, report

Parent company Cloud Software Group begins widespread lay-offs ....

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WeWork loses $ 2.1 billion and a quarter of its members bitten by blockades

WeWork loses $ 2.1 billion and a quarter of its members bitten by blockades
WeWork’s losses nearly quadrupled in the first quarter of this year, to $ 2.1 billion, as the partnership caused more than a quarter of its members to crisis and raised hundreds of millions of dollars to restructure its property portfolio.
Blocking documents viewed by the Financial Times and working on a remote pandemic made WeWork’s losses significantly higher than its $ 556 million net loss in the first three months of 2020, when the coronavirus pandemic had little impact.
The deal with CEO Adam Neumann also resulted in a loss of about $ 500 million, a person close to the company said. ....

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