Finance

NYT: WeWork to lay off thousands of workers

An illustration of a sinking WeWork being thrown a lifeline.
Illustration: Aïda Amer/Axios

WeWork is set to lay off at least 4,000 employees as early as next week as the company grapples with major losses that have threatened its very existence, the New York Times reported Sunday evening.

Details: About a third of the 12,500 people that WeWork employed across its global operation at the end of June would be impacted by the layoffs, NYT notes, citing two people with knowledge of the matter. One source placed the figure as high as 5,000–6,000.

Apple's secretive financial services

A illustration of the Apple Card.
Illustration: Aïda Amer/Axios

The Apple Card is facing accusations of sexism based on anecdotal evidence from David and Jamie Heinemeier Hansson, Apple co-founder Steve Wozniak, and countless other individuals on Twitter.

Where it stands: They allege that that wives were given lower credit limits than their husbands, even when they had the same income and even when the wife had a higher credit score.