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Saturday, November 9, 2019

WeWork will divest non-core businesses

WeWork’s (WE) divestment plans include Meetup, The Wing, Conductor, SpaceIQ, Teem, and Wave Garden, according to an investor presentation from October that just became public.
The company plans to focus on the core WeWork “desk business” in select markets.
Jobs will be cut across ventures, G&A, and growth-related area, but won’t impact community teams.
Related: In early October, Axios sources said WeWork’s sale or spin-off list included SpaceIQ, Teem, ManagedbyQ, MeetUp, and Conductor.

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