WeWork

WeWork's new leases tank in New York and London

WEWORK'S days of breakneck expansion are over - at least for now.

WeWork's Adam Neumann in talks to boost investment in mortgage-servicing startup

[NEW YORK] WeWork co-founder Adam Neumann's family office is in discussions to put additional capital in Peach Street Inc, a startup focused on mortgage servicing.

'Jewel' of SoftBank's Vision Fund Oyo plagued by 'toxic' culture, troubling incidents

[NEW DELHI] Oyo, a startup that offers budget hotel rooms, has grown into one of India's most valuable private companies and aims to be the world's largest hotel chain by 2023.

WeWork arranges US$1.75b credit line with Goldman Sachs

[NEW YORK] Shared workplace operator WeWork said on Tuesday it has arranged a US$1.75 billion letter of credit with Goldman Sachs that is in the process of being syndicated and whose funds are...

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....