Thinknum Alternative Data
Request Demo
Thinknum Login
Questions answered using Thinknum

Fundamental Investors

How many cars has Carmax sold this week compared to the same week last year?

How is foot traffic at Chipotle changing YoY?

What are the industrial companies that are growing and hiring the most?

Quantitative Analysts

How are the number of Twitter followers a leading indicator for company performance?

How are the number of LinkedIn employees a leading indicator for company performance?

Business Inteligence

Which private companies are getting their products picked up by major retailers?

Which private healthcare companies are hiring the most?

Which tech startups are getting the largest increase in mobile app downloads?

Get Ahead of Global Volatility with Alternative Data
Join us live on April 7th
Get Ahead of Global Volatility with Alternative Data - Join us live on April 7th
Reserve seat Dismiss

WeWork is on a hiring freeze as they look to cut back staff

5 months ago by Jared Russo in Startups

WeWork ($WEWORK) is looking to eliminate 13% of its workforce soon, which is roughly 2,000 employees, The Guardian reported this week. After shelving plans to launch an IPO, sources told The Guardian more layoffs could follow, which puts 15,000 more staff in danger of losing their jobs.

But instead of rumors and speculation about potential firings (which the very solid reporting is definitely not), we turn to the alternative data to see that WeWork has slammed the brakes on hiring. The freeze can be seen in several different places where WeWork posts listings for new jobs.

At the start of October, the total number of job postings WeWork had online was over a thousand. A few days ago, it was 883. Now it's 649. That's a decline of 37% in two weeks.

The same thing happens across the board various WeWork job categories. At the start of October, the total number of Sales postings was over 164. Three days ago, it was 147. Now it's 95. That's a slide of 42% in two weeks.

Once again, at the start of October, the total number of Building Design job postings was over 121. Mere days ago, it was 99. Now it's 77. That's a decrease of 36% in two weeks.

Finally, at the start of October, the total number was over 72. Days ago, it was 65. Now it's 40. That's a 44% decrease in two weeks.

About the Data: 

Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

Join the businesses who have begun to edge out competitors by scouring the web for alternative data.

Request demo
Ready for a personalized tour?

Jared Russo

Jared is an editor for Thinknum, and has been writing for more than a decade. He previously worked at AOL, Vice, Google, Dotdash, and Sirius XM.

Request a demo

We would love to show you how Thinknum will benefit your investment process. To get started, fill out the form and we'll contact you shortly to schedule your demo.

Get Thinknum Media in your inbox

Start the day off with our Weekly Digest.