We're is a contracted form meaning 'we are,' used to denote a group including the speaker. As a noun, it can refer to the contraction itself in linguistic discussions, though in everyday usage it functions mainly as a pronoun-verb contraction. In phonetic terms, it is typically pronounced as /wir/ in rapid natural speech, often merging the /w/ and /ɪ/ into a quick onset before /r/.
Full pronunciation guide
