WeWork, the struggling office space company, said on Friday that it had reached a deal with SoftBank and other investors to significantly reduce its debt and secure new financing. The agreement would cancel or convert […]
When Melissa Pancoast moved her financial literacy start-up, The Beans, into a WeWork office in San Francisco’s Salesforce Tower last May, most of the offices around her were rented out but unoccupied. As vaccination rates […]
“We looked at our plan, we see what we accomplished in 2020 — and we’ve seen a path to profitability — and we thought it was a good time to raise additional liquidity,” Sandeep Mathrani, […]
Marcelo Claure flopped into a chair late this week at WeWork’s headquarters in New York, looking exhausted and exhilarated, his 6-foot-6 frame splayed across the glass meeting room. Mr. Claure, the newly installed executive chairman […]
WeWork said on Thursday that it was laying off 2,400 employees around the world, a move that comes weeks after huge losses at the co-working company brought it close to financial collapse. The layoffs are […]
WeWork is preparing to cut at least 4,000 people from its work force as it tries to stabilize itself after the company’s breakneck growth racked up heavy losses and led it to the brink of […]
In the latest sign of worker activism in tech companies and start-ups, a group of employees at the struggling office-space giant WeWork are calling on management to treat workers humanely as the company prepares to […]
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