Tech

WeWork’s chairman said Adam Neumann ‘may have violated’ the terms of his $185 million consulting contract with his former company, and that it’s is no longer in effect

Ousted WeWork co-founder Adam Neumann’s $US185 million consulting deal with his former company is no longer in place, executive chairman Marcelo Claure said during a Wall Street Journal event Monday. Claure told the audience that Neumann “may have violated some of the parts of the consulting agreement, so that’s no […]
WeWork’s chairman said Adam Neumann ‘may have violated’ the terms of his $185 million consulting contract with his former company, and that it’s is no longer in effect
Tech

This is everything we know about WeWork’s new CEO Sandeep Mathrani, a former real estate executive who has been called a ‘corporate turnaround artist’

WeWork announced on Saturday that Sandeep Mathrani would be its new CEO. Adam Neumann, WeWork’s cofounder, was reportedly ousted from the chief executive role in 2019 after SoftBank took control of the company, and Artie Minson and Sebastian Gunningham have served as co-CEOs since. Mathrani was previously an executive at […]
This is everything we know about WeWork’s new CEO Sandeep Mathrani, a former real estate executive who has been called a ‘corporate turnaround artist’
Markets

WeWork chairman posts photos from lavish, Michelin-starred dinner a day after his company began laying off 2,400 employees

WeWork Chairman Marcelo Claure shared his pasta-tasting outing at a high-end New York City restaurant on social media a day after the embattled startup began massive layoffs. Marcelo, who was formerly chief operating officer, was installed as executive chairman to oversee the company’s turnaround. Visit Business Insider’s homepage for more […]
WeWork chairman posts photos from lavish, Michelin-starred dinner a day after his company began laying off 2,400 employees
Markets

WeWork is outsourcing its cleaning staff to real estate giant JLL

WeWork is outsourcing its facilities staff to real estate services company JLL, according to a Monday memo reviewed by Business Insider. Starting on December 9, the affected cleaning teams will be part of JLL or one of the company’s partners. It’s a reversal of co-CEO Artie Minson’s 2015 decision to […]
WeWork is outsourcing its cleaning staff to real estate giant JLL