details

The cuts are expected to be announced as early as this week and will take place across WeWork’s sprawling global operation.

Under the plan, the company’s core business of subletting office space would lay off 2,000 to 2,500 employees, one of the people said.

An additional 1,000 employees will leave as WeWork sells or closes down noncore businesses, like a private school in Manhattan that WeWork set up.

Together, these employees would represent around a third of the 12,500 people WeWork employed at the end of June.

WeWork, which leases office space from landlords, refurbishes it and rents it out to its customers, shelved plans for an initial public offering in late September after investors were put off by the company’s losses and had questions about its corporate governance.