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WeWork weighs pullback in China as part of cost cuts: WSJ


Posted on  October 2, 2019

A WeWork emblem is seen at a WeWork workplace in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch (Reuters) – WeWork’s mum or dad The We Company’s new administration workforce is contemplating curbing its enlargement plans in China as part of the corporate’s new emphasis on controlling prices, the Wall Street Journal reported, citing individuals conversant in the matter. …

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SoftBank turns against WeWork’s parent CEO Neumann-sources


Posted on  September 22, 2019

(Reuters) – Japan’s SoftBank Group Corp (9984.T), the largest investor in WeWork proprietor The We Company, is exploring methods to switch Adam Neumann as chief govt of the U.S. office-sharing start-up, 4 folks accustomed to the matter mentioned on Sunday. FILE PHOTO: Adam Neumann, CEO of WeWork, speaks to friends in the course of the TechCrunch Disrupt occasion in Manhattan, …

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