WeWork says job cuts to begin 'in earnest' this week in U.S.

Business Nov 19, 2019

WeWork says job cuts to begin 'in earnest' this week in U.S.

WeWork said it will begin job cuts "in earnest" this week in the U.S., a bid by the struggling office-sharing startup to stabilize its business amid staggering losses. Executive Chairman Marcelo Claure told staff in an email Monday that the process, which will involve eliminating ...

SoftBank plans to name former Sprint boss to help fix WeWork

Business / Corporate Sep 30, 2019

SoftBank plans to name former Sprint boss to help fix WeWork

SoftBank Group Corp. is tapping Marcelo Claure to help turn around WeWork after ousting co-founder and Chief Executive Officer Adam Neumann from the corner office last week. Masayoshi Son, the head of SoftBank, WeWork's largest investor, has asked the former chief executive officer of Sprint ...