Edition:
United States

Carrie Monahan

WeWork to lay off 2,400 employees in SoftBank revamp

Nov 22 2019

NEW YORK WeWork said on Thursday it is laying off around 2,400 employees, almost 20% of its workforce, as the office-sharing company seeks to drastically cut costs after it transformed from a Wall Street darling into a pariah in a matter of weeks. | Video

WeWork still on life support, rivals say it must cut costs fast

Nov 05 2019

NEW YORK SoftBank may be rescuing WeWork with a $9.5 billion cash injection but most rivals say they believe the office space sharing company is still in critical condition.

WeWork's new chairman defends payouts to founder, says company will survive

Oct 24 2019

(This October 23 story corrects 16th paragraph to show that WeWork has sites in 123 cities, not countries)

WeWork's new chairman defends payouts to founder, says company will survive

Oct 24 2019

(This October 23 story corrects 16th paragraph to show that WeWork has sites in 123 cities, not countries.)

WeWork's new chairman defends payouts to founder, says company will survive

Oct 23 2019

Oct 23 WeWork's new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company's founder Adam Neumann and said there is now "zero risk of the company going bankrupt," according to an audio recording of a meeting he held with employees that was reviewed by Reuters.

WeWork opens new sites at breakneck speed despite cash-burn concerns

Oct 14 2019

NEW YORK WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.

ANALYSIS-WeWork opens new sites at breakneck speed despite cash-burn concerns

Oct 14 2019

* Ninety-four sites added since July, versus 97 in first half

World News

United Kingdom votes to decide the fate of Brexit, again

Voters went to the polls on Thursday in an election that will pave the way for Brexit under Prime Minister Boris Johnson or propel Britain towards another referendum that could ultimately reverse the decision to leave the European Union.