The tides turned against WeWork after it misjudged appetite for an IPO. Now it's nabbed a SoftBank bailout but is still planning huge layoffs.
FILE PHOTO: A WeWork logo is seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File PhotoWeWork pulled its IPO after mulling a massive valuation cut to drum up investor interest. Cofounder Adam Neumann is out as CEO and chairman. Now, WeWork’s new leadership is looking to shutter or sell off businesses, and slashing jobs.
We’re tracking how we got here, and what’s next for WeWork after it nabbed a lifeline from SoftBank.
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