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 week, The New York Times reported on Monday (Nov. 18), citing unnamed sources. The sources said that as many as...
WeWork’s initial public offering (IPO) is suspended and the company is pulling out of its S-1 filing, CNBC reported on Monday (Sept. 30). The office-sharing startup had said it was going public on Aug. 14, but has since divulged extensive losses. In addition, Founder and...
A tumultuous week for WeWork will ultimately bring more investment money for the office-sharing firm, Reuters reported on Wednesday (Sept. 25). Japan’s SoftBank Group is reportedly planning to pump an extra $1 billion or more into WeWork through “a renegotiated warrant agreement,” sources told Reuters. ...
On-demand workspace provider WeWork secured a $3 billion investment from SoftBank Corp. in the form of a warrant, reports said on Tuesday (Nov. 13), just months after SoftBank invested $1 billion in the firm via a convertible note. SoftBank’s investment allows the company to purchase...
November 21, 2019
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 its struggling business and cut costs, The New York Times reported on Thursday (Nov. 21). The downsizing follows major losses, a failed initial public offering (IPO) and the resignation of […]
November 18, 2019
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 week, The New York Times...
September 30, 2019
WeWork’s initial public offering (IPO) is suspended and the company is pulling out of its S-1 filing, CNBC reported on Monday (Sept. 30). The office-sharing startup had said it was...
September 26, 2019
A tumultuous week for WeWork will ultimately bring more investment money for the office-sharing firm, Reuters reported on Wednesday (Sept. 25). Japan’s SoftBank Group is reportedly planning to pump an...
