WeWork

SoftBank will have 'last laugh' with WeWork deal: analyst

[TOKYO] SoftBank Group Corp's massive investment in WeWork triggered a multibillion-dollar writedown and a rare apology from founder Masayoshi Son. But one analyst argues the deal is likely to...

WeWork to lay off 2,400 workers worldwide

[WASHINGTON] Embattled office sharing firm WeWork will lay off 2,400 employees worldwide - about a fifth of its workforce - as the it struggles to reorganise amid mounting losses, the company...

WeWork under probe by New York attorney general as job cuts loom: Sources

NEW YORK (REUTERS) - The New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a mounting series of problems that have turned...

WeWork may lay off 4,000 employees across global operation

NEW YORK • WeWork is preparing to cut at least 4,000 people from its workforce as it tries to stabilise itself after the company's breakneck growth racked up heavy losses and led it to the brink...

WeWork woes may mean drop in US coworking leases, says landlord

[NEW YORK] The surge in coworking leases that accompanied the rise of WeWork will take a pause in the aftermath of the startup's abandoned IPO, a prominent New York developer said on Thursday.

WeWork's Q3 net loss doubles to $1.7b amid failed IPO

SAN FRANCISCO • WeWork reported a net loss of US$1.25 billion (S$1.7 billion) in the third quarter, eclipsing its sales and more than doubling its loss from the same period last year.

WeWork said to be tapping T-Mobile's CEO for top post

NEW YORK • WeWork, which is seeking a new chief executive to lead the co-working company's overhaul, is in talks with T-Mobile's John Legere, according to two people briefed on the discussions....

WeWork was more black swan than unicorn for SoftBank

[TAIPEI] SoftBank Group Corp's WeWork debacle is unlikely to be repeated. It also means that for the Vision Fund to deliver venture capital-size returns, it'll need to rely on singles and doubles...

WeWork's Chinese rival Ucommune files for US IPO

HONG KONG • China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the year end...

China's WeWork equivalent Ucommune files for US IPO: sources

[HONG KONG] China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of...

WeWork staff, facing job cuts, express outrage at $1.6b payout to founder Adam Neumann

SAN FRANCISCO (BLOOMBERG) - WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as US$1.2 billion (US$1.6 billion). The reaction from...