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Latest Articles in WeWork

Facilities Show India debuts with its Virtual Edition

Facilities Show India debuts with its Virtual Edition

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WeWork Losses Mount But 'Seismic Shift' In Office Use Seen Helping Recovery

Quarterly revenue slid 8% from the second quarter to $811 million (£618 million), while the company posted cash burn of $517 million, less than $671 million a quarter ago, WeWork

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Dettol & WeWork come together to enable a ‘safe and hygienic’ workplace

Dettol, WeWork Safe Program will facilitate a thriving work environment for the members and employees of WeWork India

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SoftBank's Vision Fund Back To Black Even As Some Of Son's Tech Bets Sting

SoftBank said it had net gain on investment from the two funds of 1.4 trillion ($13.5 billion) in the six months through September, though much of that reflected unrealised profit from portfolio companies.

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WeWork Sells Control Of China Unit; Says Unit Got $200 Million In Funding

The New York-based startup said it had almost halved its cash-burn rate from the end of last year and obtained a $1.1 billion commitment in new financing from Japan's SoftBank Group Corp.

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Softbank Partners With Oyo In Latam In Move For More Oversight

Softbank, the biggest investor in Oyo, will use part of its $5 billion Latin America fund to invest in the newly formed company called Oyo Latam which will take over 1,000 hotels mainly in Brazil and Mexico

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WeWork Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate

The company said in an e-mail to employees that its second-quarter results show the coronavirus pandemic has hurt business but its financial position remains strong.

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WeWork Gets New $1.1 Billion Commitment From SoftBank, Cuts Burn Rate

WeWork has $4.1 billion in cash and unfunded cash commitments, including the $1.1 billion in new financing

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SoftBank-Backed Ola To Cut About 35% Workforce Amid COVID-19 Crisis

SoftBank-backed WeWork, restaurant aggregator Zomato and food delivery service Swiggy, that have laid off employees to cut costs as the pandemic wreaks havoc on businesses and forces people to stay indoors.

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WeWork India Lays Off 20% Of Workforce As Virus Lockdowns Weigh

We have optimised and planned our team strength based on the core business, as we continue to execute our long-term business strategy in India and aim to be profitable by early 2021

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Softbank Sees $8.4 Billion Net Loss On WeWork Writedown

SoftBank maintained its forecast of a record annual operating loss of 1.35 trillion yen announced earlier this month as bets via the $100 billion fund sour.

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For SoftBank's Son, Coronavirus Turns Vision To Illusion

The fund does not include all $13 billion invested with SoftBank itself in office-share startup WeWork, or SoftBank's bet on satellite operator OneWeb

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WeWork Directors Defend Right To Represent Shareholders Against Softbank

SoftBank has so far invested more than $13.5 billion in WeWork. But the conglomerate has been under growing financial strain

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Softbank's Oyo Likely To Cut 2,000 Jobs In India By Jan-End

Oyo, valued at $10 billion, allows guests to book hotels through its mobile app and charges partnering hotels a fee on room revenue.

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