WeWork has 1,500 employees, a spokeswoman said on Wednesday. In Aspen this week, Neumann confirmed the staff reductions. Before WeWork cut staff, Neumann discussed with employees a "re-casting" -- a term he said was coined by Walt Disney to mean re-assigning workers to new roles -- but said they shouldn't be worried, according to the May 9 video. "Re-casting doesn't mean you're losing your job," he said. "It doesn't mean you're losing your equity position, doesn't mean that your pay is changing. Nothing's changing. All that's changing is maybe you did this until today, and now you need to do this." Neumann remains ambitious, the videos show. He told employees at the May 9 meeting that he'd be "very surprised" if the company was at 5 percent of its potential in terms of "what we can do and probably also from a valuation point of view." But he said WeWork staff needed to make changes quickly.