Page 5 - Wework

WeWork set to undergo a seismic shift with Neumann family's ouster

WeWork long had the image of a family business: a husband-and-wife pair at the helm and company slogans about how life is "better together."

WeWork is now one step away from junk-bond market's weakest tier

S&P Global Ratings reduced WeWork's credit rating one notch to B- with a negative outlook, putting it at the edge of the market's weakest tier of borrowers

WeWork halts all new leases with property owners to trim losses: Report

WeWork's parent firm We Company postponed its initial public offering last week after investor scrutiny over widening losses and corporate governance

Embattled WeWork CEO Neumann calls it quits citing increased scrutiny

Prior to his announcement, Neumann had faced pressure from board members tied to SoftBank, a major investor, according to people with knowledge of the matter

Pressure builds up on WeWork CEO Adam Neumann as board weighs coup

Pressure builds up on WeWork CEO Adam Neumann as board weighs coup

Some WeWork board members trying to oust CEO Adam Neumann: Report

WeWork declined to comment on the report and SoftBank was not immediately available for a comment outside business hours

WeWork delays IPO after frosty investor response: All you need to know

The US office-sharing start-up was getting ready to launch an investor road show for its IPO this week, before making the last-minute decision on Monday to stand down

WeWork: The last unicorn or a black sheep?

WeWork's valuation, $47 billion in a private funding round last January, could be set as low as $12 billion

WeWork considers dramatic discount to the $47 billion IPO valuation

The We Company is under pressure to proceed with the IPO, despite the big valuation drop, to secure funding for its operations

WeWork goes from hot to not as dream value plunges $45 billion

IPO valuation for office-sharing company drops to $20 billion

WeWork considering cutting IPO valuation to just over $20-billion

The We Company rents out workspace to clients under short-term contracts and pays rent for the properties under long-term leases

US-based WeWork plans co-working spaces at just Rs 5000/month in Mumbai

Wework is also, according to people with knowledge of the matter, looking to launch such economical desks in Delhi and other cities

WeWork to expand in India, leases 1.22 lakh sq ft of office space in Pune

This new centre in Pune, expected to be launched early next month, will have a capacity of over 2,000 seats, sources added

WeWork submits IPO plan, showing $690 million loss in first half

The filing revealed that investment banks JPMorgan Chase & Co and Goldman Sachs Group will be the lead underwriters on the offering

Issues aside, cost efficiency, networking opportunity make co-working work

Real estate experts say such places work out to be 15-25% cost efficient vis-a-vis permanent offices

With lenders getting cold feet, WeWork is a victim of its own success

Its business model- locking in space on long-term leases, then filling it with short-term tenants-has been hard for others to embrace

Co-working giant WeWork helps offbeat start-ups grow business in India

WeWork Labs will serve as a hub for early-stage start-ups and provide members access to investment, educational resources and space

WeWork restores iconic old buildings by turning them into office spaces

The company plans to eventually foray into cities such as Hyderabad, Pune and Chennai where it will find more such projects of adaptive reuse with architectural history

WeWork gets $2 billion after Japan's SoftBank cuts planned investment

SoftBank has invested a total of around $10.4 billion in WeWork so far - $4.4 billion in 2017 and $6 billion in 2018 and 2019

WeWork effect: How big firms look for amenity-rich environments for workers

The biggest employers on the planet see a future filled with free beer and new age motivational posters