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“WeWork is in talks to combine with a special purpose acquisition company (SPAC), a deal that would usher the office-leasing company into the public markets more than a year after its high-profile failure to stage a traditional initial public offering,” reported The Wall Street Journal, citing p

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WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as chief executive and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February and has kicked off a multi-year turnaround plan. 

Read more: https://bit.ly/3oEs50p

WeWork is laying off 2,400 employees as it works to cut costs and right-size the business, the company confirmed to CNBC. Leading up to the announcement, reports of forthcoming job cuts had been circulating for weeks.

Read more: https://cnb.cx/2KGrdFZ