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The We Company

WeWork names Brookfield exec Sandeep Mathrani as CEO

Infrastructure

03 February, 2020

WeWork names Brookfield exec Sandeep Mathrani as CEO

SoftBank-backed office sharing firm WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive on Saturday. Mathrani will ......

WeWork to lay off 2,400 employees in SoftBank revamp

Infrastructure

22 November, 2019

WeWork to lay off 2,400 employees in SoftBank revamp

WeWork said on Thursday it is laying off around 2,400 employees, almost 20% of its workforce, as the office-sharing company ......

WeWork loss widens to $1.25 bn amid office space expansion

Infrastructure

14 November, 2019

WeWork loss widens to $1.25 bn amid office space expansion

The We Company, owner of WeWork, said on Wednesday net losses in the third quarter more than doubled to $1.25 ......

WeWork plans to lay off nearly a third of global staff

Infrastructure

24 October, 2019

WeWork plans to lay off nearly a third of global staff

Office-sharing startup WeWork is planning to cut as many as 4,000 jobs as a part of a turnaround plan put ......

SoftBank to skip WeWork's lease obligations with new funding lifeline

Infrastructure

21 October, 2019

SoftBank to skip WeWork's lease obligations with new funding lifeline

SoftBank Group Corp is attempting to become the majority owner of WeWork without assuming the onerous lease obligations of the ......

WeWork India fights for funds after talks with ICICI Bank collapse

Infrastructure

10 October, 2019

WeWork India fights for funds after talks with ICICI Bank collapse

WeWork's India franchise has seen talks with local lender ICICI Bank Ltd on $100 million in funding break down since ......

SoftBank-backed WeWork to formally withdraw ill-fated IPO

Infrastructure

01 October, 2019

SoftBank-backed WeWork to formally withdraw ill-fated IPO

WeWork's parent The We Company said on Monday it will file to withdraw its initial public offering, a week after ......

SoftBank may pump $1 bn more into troubled office-sharing startup WeWork

Infrastructure

26 September, 2019

SoftBank may pump $1 bn more into troubled office-sharing startup WeWork

SoftBank Group Corp is planning to pump an extra $1 billion or more into WeWork by renegotiating a warrant agreement ......

WeWork's Adam Neumann to quit as CEO after SoftBank push

People

25 September, 2019

WeWork's Adam Neumann to quit as CEO after SoftBank push

WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control, after SoftBank ......

SoftBank turns against WeWork CEO Adam Neumann

People

23 September, 2019

SoftBank turns against WeWork CEO Adam Neumann

Japan's SoftBank Group Corp, the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann ......