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WeWork To Go Public At $9B Valuation In Starwood-Backed SPAC Deal
News

WeWork To Go Public At $9B Valuation In Starwood-Backed SPAC Deal

...  its long-held aim of a public listing. Financials for WeWork released alongside the news indicate the company expects to just ... decide where they work from.  The financial presentation showed that WeWork’s average lease length is 15 months, and it said ...

Mar 26, 2021
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Dilweg Cos. wework exterior
News

WeWork Real Estate Exec Resigns, Says Lease Model 'Not The Right Alignment'

... of former Cousins Properties CEO Larry Gellerstedt resigned from WeWork March 1 after nearly two years. During that time ... giant's youngest corporate executives. Gellerstedt said he left WeWork voluntarily for another opportunity, but declined to reveal the ...

Mar 03, 2020
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coworking flex office workspace
News

WeWork Leads $30M Funding Round For Coworking Software Startup

... ," Upflex CEO Christophe Garnier said in the announcement. WeWork announced an "exclusive partnership" with Upflex in February, ... allowing Upflex to aggregate WeWork's inventory and connect occupiers, brokers and other partners ...

May 25, 2022
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The second floor common area in WeWork's new 1701 Rhode Island Ave. NW space
News

WeWork Gives Members Expanded Access, Pilots Pay-As-You-Go Program

... than 800 locations across its portfolio, according to an email WeWork sent to members Wednesday. The expanded member access runs ... and some have ended coworking memberships to cut costs.  WeWork declined to share the latest occupancy numbers at its coworking ...

Aug 05, 2020
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WeWork Hit With Gender, Racial Discrimination Lawsuit
News

WeWork Hit With Gender, Racial Discrimination Lawsuit

... could reach more than $285K, per court documents. “At WeWork, we prioritize equal employment opportunity, including hiring, promotion and ... believe these claims are wholly without merit,” a WeWork spokesperson said. WeWork, in the wake of its failed IPO last ...

Mar 01, 2020
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WeWork Announces Global Layoffs, Cutting 300 Jobs
News

WeWork Announces Global Layoffs, Cutting 300 Jobs

... come back as swiftly as we thought.” WeWork estimated it would spend about $200M over ... years with an average occupancy of 42%, WeWork CEO Sandeep Mathrani said at the time.  ... and startups that used to make up WeWork's base. The trouble continued in December ...

Jan 19, 2023
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A WeWork location near the White House in Washington, D.C., photographed in December 2016.
News

WeWork Rakes In $745M To Buy New Buildings

... around the world and causing financial markets to tumble. WeWork Property Investors is the joint venture between the coworking company ... to source investments suggests it could be gearing up again.  WeWork’s main business, leasing office space, has come under ...

Apr 29, 2020
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WeWork Rolls Out New Flexible Arrangements For Smaller Companies
News

WeWork Rolls Out New Flexible Arrangements For Smaller Companies

... clients, with an eye to recovery post-pandemic. Whilst WeWork spokespeople told Bisnow it had always prioritised flexibility and ... a broad spectrum of businesses from social enterprise to fintech, WeWork said. “The pandemic has clearly been an accelerator ...

Feb 16, 2021
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WeWork exterior
News

WeWork Still Charging Rent To Members Who Can’t Come, Paying Bonuses To Workers Who Do

... for business." Small-business owners are particularly angry at WeWork, the Washington Post reports, especially those with longer-term ... — appears in doubt. A special committee of the WeWork Board of Directors reportedly has insisted that the bailout, ...

Mar 24, 2020
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WeWork
News

WeWork Could Push Back Its Deadline To Go Public

... the fourth quarter, possibly next month, Bloomberg reports.  WeWork officials told Bloomberg that a potential slowdown in the ... go public recently as well.   In April, when WeWork and Starwood Capital-backed BowXAcquisitions — the special-purpose acquisition ...

Sep 15, 2021
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