WeWork is demanding overdue rent from hundreds of members. Here's the latest on the coworking giant's turnaround efforts.
WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as chief executive and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February and has kicked off a multi-year turnaround plan.
Here's everything we know about what's going on inside WeWork:
Latest news
Finances and real-estate negotiations
Layoffs
Coronavirus hits coworking
Have a WeWork tip? Contact reporter Meghan Morris via encrypted messaging app Signal at +1 (646) 768-1627 using a non-work phone, email at mmorris@businessinsider.com, or Twitter DM at @MeghanEMorris. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.
Lawsuits and investigations
Executive changes under CEO Sandeep Mathrani
WeWork's US president — and Adam Neumann's friend — will leave days after the firm's new CEO joins
WeWork just announced a new COO in its first major hire under new CEO
Plotting a path forward
Read the original article on Business Insider