Thursday February 20, 2020

WeWork toughs it out

Plans scrapped and landlords cool as office space provider rearranges its strategy following shelved IPO and co-founder’s resignation

Killian Woods

Business reporter

@killianwoods
27th October, 2019
2
WeWork CEO Adam Neumann

WeWork has endured another turbulent week in Ireland – and abroad. Within the past month, the company has shelved a planned initial public offering and its co-founder, Adam Neumann, has resigned as chief executive following widespread concerns about corporate governance. Last week, Japanese investment firm SoftBank stepped in to take control of the business as part of a rescue deal.

The first shockwaves of this turbulence appeared to hit Dublin earlier this month when WeWork...

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