WeWork founder Adam Neumann had a meteoric rise before he was ousted as the office sharing company spiralled into bankruptcy. Now he has returned.
Its charismatic founder helped turn WeWork into a giant that was once valued at $US47 billion. This week,it filed for bankruptcy.
The co-working company,once ranked as the most valuable US start-up,has succumbed to bankruptcy after grappling with expensive leases and corporate clients cancelling because some employees work from home.
A few years ago,WeWork was one of America’s most valuable start-ups. Then came its IPO disaster,followed by the pandemic,which dealt another blow.
His spectacular rise and fall has been chronicled in books,documentaries and a scripted television series. Now WeWork founder Adam Neumann has a new venture — and a surprising backer.
When WeCrashed cameras stopped rolling on Jared Leto as WeWork founder Adam Neumann and Anne Hathaway as his wife Rebekah,the business went on.
The co-working space operator chaired by former Victorian premier Steve Bracks has been locked out of its premises on Sydney’s George Street.
Businesses are fighting for rent reduction or membership fee refunds as co-working becomes untenable.
US tech startups grew so quickly that they couldn't hire people fast enough but now the lay-offs have started and scepticism abounds in an industry once known for its irrational optimism.
The last time Larry Page gave someone else his job,it was under very different circumstances.
Office landlords could take a hit from WeWork's decision to walk away from several large lease deals,effectively halting its rapid three-year expansion.