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wework News

WeWork plans to cut 2,000 jobs after failed IPO

Manhattan - In a meeting with WeWork employees Thursday, new co-chief executive officers Artie Minson and Sebastian Gunningham and co-founder Miguel McKelvey said that cost-cutting efforts would include layoffs, coming as soon as this month.

Office sharing startup WeWork plans to cut valuation to below $20 bn

New York - Fast-growing office-sharing startup WeWork plans to again cut its valuation, this time to below $20 billion, and is under pressure from some investors to postpone its stock market debut, sources said Sunday.

People are roasting WeWork for its cultish IPO filing

WeWork filed to go public on Wednesday. The opening to its paperwork featured a distinctly cultish dedication to the "energy of we."

Rival to WeWork China raises $120 million

MyDreamPlus, a co-working startup with spaces in big cities around China, recently raised a $120 million Series C funding round.

WeWork's merger signals further shift to mobile office work

WeWork has combined forces with its fiercest rival in China, Naked Hub; and another big player in the mobile office arena, Ucommune, is buying up smaller rivals. The moves signal a changing workplace.

City of Toronto launches 'Startup Passport' for entrepreneurs

Toronto - The City of Toronto has partnered with WeWork, an operator of shared workspaces, for the new Startup Passport program to give Toronto-based startups access to a network of co-working sites locally and internationally.

Co-working provider WeWork to acquire Meetup social platform

WeWork has announced it will purchase online community platform Meetup in its latest major acquisition. WeWork is reportedly valued at $20bn and is a leader in the co-working space market. Meetup aims to "use the internet to get people off the internet."
 

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A WeWork location in Shanghai  China
A WeWork location in Shanghai, China
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