Here's what WeWork is giving some laid-off employees

WeWork's recent financial implosion has led to the first round of job cuts and those being let go aren't happy about their severance.

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One severance package that was extended to a recently laid-off employee of Meetup, an app for in-person social events that WeWork acquired, was obtained by Recode.

Meetup laid off 25 percent of its workforce, or about 50 employees.

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The severance offer Recode reviewed provides three months in which an employee remains on the payroll with benefits but stops working — as well as one month of severance pay.

Adam Neumann, co-founder and chief executive officer of WeWork, speaks in Shanghai, April 12, 2018. (Jackal Pan/Visual China Group via Getty Images, FILE)

It may sound like a good deal to some, but the thing to keep in mind is that WeWork founder and former CEO Adam Neumann, walked away with a package worth $1.7 billion.

The laid-off workers my also sign away their right to sue the company as well as a a non-compete clause, according to Recode.

That would mean the employee can't work for a competitor for a certain period of time.

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The company could cut as many as 4,000 positions.