WeWork adds Maurice Levy, SoftBank executives in turnaround plan

2019-11-22 21:33

The embattled real-estate company has a target to become cash flow positive by 2023 and adjusted ebitda positive by 2021, management told employees today, according to a person with knowledge of the matter.

WATCH: WeWork begins search for a new CEO, sources say

2019-11-12 13:55

WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, as the US office-sharing start-up seeks to reverse its widening losses.

WeWork’s communications chief to leave after six turbulent months

2019-10-15 21:33

Jimmy Asci, who had joined the New York-based co-working company in April, resigned last Wednesday, according to a person familiar with the matter who wasn’t authorised to discuss the move publicly and asked not to be identified.

ANALYSIS | WeWork, WeWait, WeWorry: What's next for CEO Adam Neumann?

2019-09-22 20:00

In short order Neumann's office-sharing company has gone from a get-rich story to a you've-got-to-be-joking melodrama – from WeWork to WeWait to, now, WeWorry.

WATCH: WeWork to raise up to $4bn in debt before IPO

2019-07-09 13:15

Shared office space manager WeWork looks to raise up to $4bn in debt before it goes public, a source said. As Fred Katayama reports, the move is aimed at fuelling investor confidence in the startup.

Free coffee, craft beer and mouthwash. The US office-sharing giant WeWork is coming to Joburg

2019-02-07 12:00

WeWork will occupy a brand-new building in Rosebank.


WATCH: WeWork lays off 2 400 in global revamp

2019-11-22 10:35

WeWork announced Thursday it is letting go of around 2 400 employees in the biggest step yet by major investor Softbank to put the once Silicon Valley darling on the road to profitability.

WATCH: SoftBank offers WeWork $5bn buyout, sources say

2019-10-22 16:05

SoftBank has made a $5bn debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling US office-space sharing start-up, people familiar with the matter

Pressure mounts on WeWork CEO Adam Neumann as board weighs coup

2019-09-23 17:17

With the drama of a palace coup, Neumann has found himself at odds with WeWork’s largest investor, SoftBank.

WeWork plows ahead with listing, reshapes board to counter skepticism

2019-09-13 21:29

WeWork isn’t backing down from its embattled listing, announcing a series of governance changes to assuage investor concerns in an effort to bolster its flailing valuation.

Workspace provider WeWork opens up shop in Cape Town

2019-06-25 16:18

In a statement from the company, WeWork said it will take four of the 11 floors at a property on 80 Strand on a long lease agreement. It is set to open in the fourth quarter of 2019.

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