New York (CNN Business) WeWork said Thursday it is laying off about 2,400 employees globally as part of a broader effort to cut costs and find a viable path forward after a disastrous IPO attempt.

"As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization," a WeWork spokesperson said in a statement provided to CNN Business. "The process began weeks ago in regions around the world and continued this week in the U.S."

The company added: "This workforce reduction affects approximately 2,400 employees globally, who will receive severance, continued benefits, and other forms of assistance to aid in their career transition. These are incredibly talented professionals and we are grateful for the important roles they have played in building WeWork over the last decade."

The company -- which branched into co-living buildings, a gym and a school in recent years -- had ballooned to more than 12,000 global employees.

The layoffs have so far impacted departments across the company, including WeWork's human resources, growth, and corporate technology departments, according to one source. The company declined to comment on this.

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