WeWork to exit 40 locations to cut costs
- 10-Nov-2022
WeWork said on Thursday it will exit about 40 locations across the United States and forecast current-quarter revenue below estimates as the flexible workspace provider faces high expenses and a strong U.S. dollar. The company has been working to curb its real estate footprint and reduce headcount as it grapples with long-term lease obligations that […]
SoftBank clinches deal to take over WeWork
- 23-Oct-2019
SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday.
Firm says it found cancer-causing chemical in its phone booths
- 15-Oct-2019
It has closed about 2,300 phone booths at some of its 223 sites in the United States and Canada after it says it discovered elevated levels of formaldehyde.