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WeWork-owned Meetup confirms restructuring, layoffs

WeWork-owned Meetup confirms restructuring, layoffs WeWork’s efforts to cut costs following the ouster of its chief executive officer and a delayed initial public offering looks to be impacting its subsidiaries. Meetup, which WeWork acquired for a reported $200 million in 2017, announced a round of layoffs this morning, TechCrunch has learned. The […]

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Report: SoftBank is taking control of WeWork at an ~$8B valuation

Report: SoftBank is taking control of WeWork at an ~B valuation WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 billion […]

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WeWork pulls thousands of phone booths out of service over formaldehyde scare

WeWork pulls thousands of phone booths out of service over formaldehyde scare WeWork, the co-working empire once valued at $47 billion before reality struck, plunging the business and its investors into crisis, has another problem to add to its growing pile — one which doesn’t exactly reflect well on its core business […]

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Report: WeWork expected to cut 500 tech roles

Report: WeWork expected to cut 500 tech roles The WeWork saga continues this week with new reports the company may slash as many as 500 tech roles. The co-working business, whose eccentric co-founder and chief executive officer Adam Neumann stepped down two weeks ago, is expected to let go of 350 employees […]

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WeWork CEO Adam Neumann has reportedly cashed out of over $700 million ahead of its IPO

WeWork CEO Adam Neumann has reportedly cashed out of over 0 million ahead of its IPO Adam Neumann, the co-founder and chief executive of the international real estate co-working startup, WeWork, has reportedly cashed out of more than $700 million from his company ahead of its initial public offering. The size and […]

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Norrsken opens East Africa startup fund and hub in Kigali

Norrsken opens East Africa startup fund and hub in Kigali Startups in East Africa have a new source for investment and mentorship. Sweden’s Norrsken Foundation—a coworking space and investment fund based in Stockholm—opened its tech fund and entrepreneurship hub in Rwanda today to support ventures across the region. Norrsken’s Kigali center is […]

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Canopy’s upscale co-working business adds a new location in SF on the heels of strategic funding

Canopy’s upscale co-working business adds a new location in SF on the heels of strategic funding Canopy, an upscale, profitable developer of co-working spaces, has expanded its footprint in San Francisco to a third location on the heels of a strategic financing round. Co-founded by the product designer Yves Behar; the second […]

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Remote workers and nomads represent the next tech hub

Remote workers and nomads represent the next tech hub Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, […]

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WeWork Labs is launching a food tech accelerator

WeWork Labs is launching a food tech accelerator WeWork Labs, the coworking giant’s startup program that relaunched just over a year ago, is announcing a new initiative focused on food and agriculture startups — WeWork Food Labs. Roee Adler, the global head of WeWork Labs, told me that there will be two […]

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WeWork confirms it has laid off 300 employees

WeWork confirms it has laid off 300 employees Co-working juggernaut WeWork (now known as the We Company) has laid off 3 percent of its global workforce, or roughly 300 employees, the company told TechCrunch. The heavily funded business, most recently valued at a whopping $47 billion, employs 10,000 people around the world. […]

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