PYMNTS-MonitorEdge-May-2024

WeWork

WeWork is an American commercial real estate company that provides shared workspaces for technology startups, and services for other enterprises. Founded in 2010, it is headquartered in New York City.

WeWork is revolutionizing the way people and companies work. Get flexible workspaces, agile services, and leading technologies to move your business forward.

We believe in empowering our team to create their own life's work. We move fast and we challenge each other, but we look after each other and care about our culture, which makes working here extremely rewarding. There's a lot of work left for us to do, and we couldn't do it without a single member of our team.

Source: wework.com

Silicon Valley Braces As VCs Pump The Brakes
Silicon Valley Braces As VCs Pump The Brakes
November 27, 2019  |  Investments

Profits are being pushed over progress as Silicon Valley investors start reeling in the billions that startups have come to expect, The Wall Street Journal...

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SoftBank’s $3B WeWork Offer Is Now Official
SoftBank’s $3B WeWork Offer Is Now Official
November 25, 2019  |  Partnerships / Acquisitions

SoftBank has officially offered $3 billion for WeWork stock in a move that’s been anticipated for some time, according to a report by Bloomberg. WeWork...

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WeWork Says New Business Model Will Drive Profits By 2023
WeWork Says New Business Model Will Drive Profits By 2023
November 22, 2019  |  Real Estate

In a staff presentation, new WeWork Chairman Marcelo Claure tore up the old business model of the company and promised the group would move away from taking...

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Betting On A Big Mall Fizzle
Betting On A Big Mall Fizzle
November 22, 2019  |  Sizzle/Fizzle

The holidays are approaching. The money that comes into retailers’ coffers at brick-and-mortar locations will filter up to pay the landlord; the landlord will stay...

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WeWork Begins Layoffs Of 20 Pct. Of Workforce
WeWork Begins Layoffs Of 20 Pct. Of Workforce
November 21, 2019  |  Personnel

Co-working office space company WeWork is slashing its worldwide workforce by 20 percent – a total of 2,400 employees – as it strives to revamp...

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Top News In Payments: Amex Offers Sign-On Bonuses; Didi Looks To Bring Robo-Taxis To Shanghai
Top News In Payments: Amex Offers Sign-On Bonuses; Didi Looks To Bring Robo-Taxis To Shanghai
November 19, 2019  |  News

In today’s top payments news, American Express is reportedly offering large cash incentives to companies to boost acceptance. Also, Chinese ride-hailing leader Didi Chuxing is...

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WeWork Under Investigation By NY AG
WeWork Under Investigation By NY AG
November 19, 2019  |  Legal

Sources have told Reuters that WeWork is under investigation by the New York State Attorney General (NYAG). While a spokesman for the NYAG declined to...

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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals
Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital...
November 18, 2019  |  News

In today’s top payments news, U.S. Bancorp subsidiary Elavon is acquiring U.K. payments gateway Sage Pay for $300 million. Also, Apple criticized the vote of German lawmakers to pass...

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WeWork Could Eliminate A Third Of Workforce
WeWork Could Eliminate A Third Of Workforce
November 18, 2019  |  Personnel

WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability. Those layoffs could be announced as early as this...

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