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WeWork

American workspace company

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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. As of 2018, WeWork managed over 4 million square metres.

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WeWork begins search for a new CEO: sources

wework begins search for a new ceo: sources
SoftBank last month spent around $10 billion to take control of WeWork, rescuing the company from potential bankruptcy after it failed to complete an initial public offering, which also led to..
WorldNews - Published Also reported by •Reuters

WeWork in talks to hire T-Mobile's John Legere as CEO: WSJ

WeWork is in discussions with T-Mobile US Inc Chief Executive Officer John Legere to take over as head of the office-sharing start-up, the Wall Street Journal reported on Monday, citing people familiar..
Reuters - Published

Videos for WeWork


SoftBank's Son humbled by WeWork debacle [Video]SoftBank's Son humbled by WeWork debacle

SoftBank plunged to its first quarterly loss in 14 years Wednesday after valuations tumbled for some of its top tech bets, not least WeWork. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:27Published

How To Tell if Your CEO Is A Jerk Or Brilliant [Video]How To Tell if Your CEO Is A Jerk Or Brilliant

Marc J. Epstein and Rob Shelton are the authors of "The Brilliant Jerk Conundrum." The book talks traits CEOs have that make them brilliant and jerks. They write that WeWork CEO and founder Adam..

Credit: Wochit News     Duration: 00:30Published

WeWork debacle spells trouble for SoftBank [Video]WeWork debacle spells trouble for SoftBank

WeWork was supposed to be the next big success for SoftBank. Now the collapse of its IPO leaves SoftBank founder Masayoshi Son with a big headache. Julian Satterthwaite reports.

Credit: Reuters Studio     Duration: 01:17Published

WeWork founder steps down as CEO [Video]WeWork founder steps down as CEO

Adam Neumann, the embattled founder of office-sharing start-up WeWork, agreed to give up the CEO job and majority voting control under pressure from major investors. Conway G. Gittens has the details.

Credit: Reuters Studio     Duration: 01:10Published

WeWork's troubled market debut is delayed [Video]WeWork's troubled market debut is delayed

WeWork owner The We Company said on Monday it’s walked away from preparations for an IPO this month, which comes amid concerns it could get snubbed by investors. Instead, the office-sharing startup..

Credit: Reuters Studio     Duration: 01:56Published

 

WeWork co-founder sued over $1.7bn exit package

The property company faces legal action over its co-founder's exit benefits.
BBC News - Published

Factbox: Failure to launch - The biggest IPO pull-outs of 2019

Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to..
Reuters - Published

WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value

WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public..
Reuters - Published

Stung by WeWork, SoftBank boss Son charts more cautious IPO course

Fresh from the WeWork debacle, SoftBank CEO Masayoshi Son says he now aims to be more cautious about the timings of IPOs, a shift that could squeeze the Japanese company's funding and increase its..
Reuters - Published

SoftBank's Son admits mistakes after Vision Fund's $8.9 billion loss

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a..
Reuters - Published

SoftBank founder sorry about WeWork investment

Masayoshi Son said he has regrets about his investment decision, but still believes WeWork has a future
CBS News - Published

SoftBank CEO Son says his judgment on WeWork was poor in many ways

SoftBank Group Corp fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of..
Reuters - Published

SoftBank Group profit plunges owing to WeWork turmoil

softbank group profit plunges owing to wework turmoil
Japanese giant SoftBank Group suffered an operating loss of $6.4 billion in the second quarter, it said on Wednesday, as investments in start-ups such as WeWork and Uber took a massive hit. In the..
WorldNews - Published

SoftBank's second-quarter whiplashed by $8.9 billion loss in Vision Fund

SoftBank Group Corp reported its first quarterly loss in 14 years on Wednesday, with its giant Vision Fund suffering a 970 billion yen ($8.9 billion) loss on falling valuations of top tech bets such as..
Reuters - Published

SoftBank Group plunges to $6.5 billion quarterly loss as tech bets stumble

SoftBank Group Corp plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber..
Reuters - Published

WeWork still on life support, rivals say it must cut costs fast

SoftBank may be rescuing WeWork with a $9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition.
Reuters - Published

Factbox: How to fix WeWork: rivals say what they would do

Office sharing company WeWork is being rescued by its largest shareholder, SoftBank Group Corp , with a $9.5 billion injection of funds but it still faces a very difficult road to survival given its..
Reuters - Published

'We created a monster,' SoftBank CEO Masayoshi Son reportedly said of WeWork

'we created a monster,' softbank ceo masayoshi son reportedly said of wework
Masayoshi Son, CEO of Japanese mega-investor SoftBank, told colleagues that "we created a monster" in WeWork, the Financial Times reported. SoftBank will on Wednesday impose stricter...
WorldNews - Published

Co-working: When the home office is away from home

Freelancers, consultants and entrepreneurs no longer need to work out of their homes or garages. Instead, they can rent space at "co-working" firms, such as WeWork, that provide a place to plug in as..
CBS News - Published

WeWork, former CEO Adam Neumann accused of pregnancy discrimination

The former chief of staff to ousted WeWork CEO Adam Neumann has accused him and the company of discrimination, saying she was belittled for getting pregnant, forced out of her job in favor of a man..
Reuters - Published Also reported by •CBS News

Tech investor Ben Horowitz on how healthy culture helps companies thrive

Tech giants like Facebook, Amazon, Uber, and WeWork have all faced criticism for their workplace culture. Venture capitalist Ben Horowitz argues that many companies miss the mark when developing their..
CBS News - Published

Neumann has escaped the WeWork debacle. But Softbank may not

neumann has escaped the wework debacle. but softbank may not
The tech fund is in a high-risk business and has enjoyed many successes. But its very credibility is now at stake The best laugh in the WeWork farce – better even than the loss-making property..
WorldNews - Published

Exclusive: China's WeWork equivalent Ucommune files for U.S. IPO - sources

exclusive: china's wework equivalent ucommune files for u.s. ipo - sources
China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the U.S. securities regulator as it seeks an initial public offering (IPO) before the end of the year, two..
WorldNews - Published

How SoftBank made WeWork an offer it had to accept

By Mike Spector, Joshua Franklin, Greg Roumeliotis and Anirban Sen
Reuters - Published

Biggest losers from Adam Neumann's $1.7 billion WeWork payday

List includes President Trump's son-in-law, Canada's No. 2 pension fund and even some U.S. mutual fund investors
CBS News - Published

WeWork's Claure warns layoffs are coming

WeWork's new executive chairman Marcelo Claure wrote in a memo to employees on Wednesday that layoffs were in the works at the U.S. office-space sharing start-up following a $9.5 billion rescue..
Reuters - Published

WeWork plans to lay off 4,000 staff - FT

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put in place by top shareholder Japan's SoftBank Group after it took control of the company this..
Reuters - Published

WeWork's new chairman defends payouts to founder, says company will survive

WeWork's new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company's founder Adam Neumann and said there is now "zero risk of the company going bankrupt,"..
Reuters - Published

SoftBank adds to financial burden with $10 billion WeWork deal

SoftBank Group Corp's financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate's..
Reuters - Published

SoftBank confirms multi-billion-dollar WeWork bailout

softbank confirms multi-billion-dollar wework bailout
SoftBank announced on Wednesday that it will pump billions of dollars into struggling office-sharing startup WeWork, in a deal that will see Co-founder Adam Neumann taking a huge payout and exiting the..
WorldNews - Published

SoftBank shares fall as WeWork deal adds to financial strains

Shares of SoftBank Group Corp fell 3% in morning trade on Wednesday as the tech conglomerate agreed to spend more than $10 billion to take over beleaguered office-space sharing startup WeWork, adding..
Reuters - Published

SoftBank shares fall as it doubles down on WeWork

softbank shares fall as it doubles down on wework
Shares of SoftBank Group Corp fell 2% in early trade on Wednesday as the tech conglomerate moved to take over beleaguered office-space sharing startup WeWork with a funding injection of more than $10..
WorldNews - Published Also reported by •Reuters

SoftBank announces it will own 80% of WeWork and provide billions to keep it operating

SoftBank Group Corp. is taking control of WeWork and providing the office-space startup with billions to keep it operating.
USATODAY.com - Published

SoftBank clinches WeWork takeover deal, bailing out co-founder

SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam..
Reuters - Published

SoftBank clinches deal to take over WeWork

SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar..
Reuters - Published

WeWork board accepts SoftBank rescue deal: source

WeWork's board has accepted a takeover plan proposed by Softbank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter.
Reuters - Published

WeWork board weighs up $10bn rescue plan from Japan's SoftBank

wework board weighs up $10bn rescue plan from japan's softbank
Proposal for US office-sharing company would lead to exit of co-founder Adam Neumann The board of WeWork is meeting on Tuesday to consider a rescue plan worth almost $10bn (£7.7bn) from its biggest..
WorldNews - Published

SoftBank's WeWork takeover would lead to Adam Neumann's exit: sources

SoftBank Group offered nearly $10 billion on Monday to WeWork and its shareholders under a takeover plan that would keep the U.S. office-space sharing start-up afloat and lead to the exit of its..
Reuters - Published

WeWork is set to weigh last-ditch financing options

wework is set to weigh last-ditch financing options
New York (CNN Business)The fate of WeWork is about to be decided. The embattled coworking space operator is said to be weighing last-ditch financing options this week to avoid running out of money..
WorldNews - Published

SoftBank offers to lend WeWork $5 billion, buy out insiders: sources

SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S...
Reuters - Published

SoftBank extends $5 billion debt financing offer to WeWork: sources

SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S...
Reuters - Published

SoftBank seeks to avoid WeWork's liabilities with new investment: sources

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the U.S. office-space sharing firm, according to people familiar with the..
Reuters - Published

SoftBank eyes WeWork rescue valuation below $8 billion

softbank eyes wework rescue valuation below $8 billion
SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with ... ......
WorldNews - Published

Wework could collect more than €290m in rent over 10 years

wework could collect more than €290m in rent over 10 years
Office landlord Wework could collect more than €290 million rent from Irish tenants over the next decade, an analysis of its business in the Republic shows. Wework ditched controversial plans to..
WorldNews - Published

Exclusive: WeWork owner creates committee to decide on financing lifeline

WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender..
Reuters - Published

Goldman profit slammed by souring WeWork, Uber bets

Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as it took heavy losses from high-profile investments in WeWork and Uber Technologies and faced up to a weakening..
Reuters - Published

Goldman profit falls short on weak M&A advisory; WeWork weighs

Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals, while it faced up to losses on its own high-profile..
Reuters - Published

WeWork is reportedly cutting 2,000 jobs as soon as this week, and the staff is turning on Adam Neumann

wework is reportedly cutting 2,000 jobs as soon as this week, and the staff is turning on adam neumann
WeWork is set to cut at least 13% of its workforce, or roughly 2,000 jobs, according to British newspaper the Guardian. The paper reported that staff within the company started to turn on founder and..
WorldNews - Published

In new headache, WeWork says it found cancer-causing chemical in its phone booths

Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223..
Reuters - Published

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