Office Sharing news and trends

WeWork Could Eliminate A Third Of Workforce
Personnel // November 18, 2019

WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability. Those layoffs could be announced as early as this week, The New York Times reported on Monday (Nov. 18), citing unnamed sources. Get the Full Story Complete the form...

WeWork Officially Shelves IPO
IPO // September 30, 2019

WeWork’s initial public offering (IPO) is suspended and the company is pulling out of its S-1 filing, CNBC reported on Monday (Sept. 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

SoftBank Considers $1B WeWork Investment Following Stalled IPO
IPO // September 26, 2019

A tumultuous week for WeWork will ultimately bring more investment money for the office-sharing firm, Reuters reported on Wednesday (Sept. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

SoftBank Invests $3B More In WeWork
B2B Payments // November 14, 2018

On-demand workspace provider WeWork secured a $3 billion investment from SoftBank Corp. in the form of a warrant, reports said on Tuesday (Nov. 13), just months after SoftBank invested $1 billion in the firm via a convertible note. Get the Full Story Complete the form...

Quick Reads
WeWork Begins Layoffs Of 20 Pct. Of Workforce

November 21, 2019
Co-working office space company WeWork is slashing its worldwide workforce by 20 percent – a total of 2,400 employees – as it strives to revamp its struggling business and cut costs, The New York Times reported on Thursday (Nov. 21). Get the Full Story Complete the form to unlock this article and enjoy unlimited free […]

WeWork Could Eliminate A Third Of Workforce

November 18, 2019
WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability. Those layoffs could be announced as early as this week, The New York Times...

WeWork Officially Shelves IPO

September 30, 2019
WeWork’s initial public offering (IPO) is suspended and the company is pulling out of its S-1 filing, CNBC reported on Monday (Sept. 30). Get the Full Story Complete the form...

SoftBank Considers $1B WeWork Investment Following Stalled IPO

September 26, 2019
A tumultuous week for WeWork will ultimately bring more investment money for the office-sharing firm, Reuters reported on Wednesday (Sept. 25). Get the Full Story Complete the form to unlock...