Tag: WeWork

WeWork aims to become profitable in 2021 globally: CEO

NEW DELHI: Co-working major WeWork will focus on achieving profitable growth globally, including in India, in 2021 by increasing the occupancy level of its real estate portfolio, the company’s CEO Sandeep Mathrani said. Further, Softbank backed-WeWork will revisit its plan to launch an initial public issue (IPO) only after it becomes profitable, said Mathrani, who […]

Embattled WeWork CEO Adam Neumann stepping down

NEW YORK: WeWork co-founder Adam Neumann said Tuesday he is stepping down as CEO of the office sharing startup, calling the increased scrutiny he faced in recent weeks “a significant distraction.” Neumann’s announcement, which confirmed earlier AFP reporting, comes as the startup faces questions over its governance and profit outlook that have clouded its prospects […]

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