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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.29+0.9%4:00 PM EST
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To: TobagoJack who wrote (150865)9/26/2019 4:04:22 AM
From: Snowshoe1 Recommendation

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WeSell...

WeWork's new CEOs want to sell off 3 of its businesses as the company looks to cut costs
businessinsider.com

WeWork wants to sell three companies it has acquired since 2017, The Information's Cory Weinberg first reported Wednesday. A source familiar with the situation confirmed to Business Insider that the company was looking to offload three businesses: Managed by Q, Conductor, and Meetup.

WeWork put the companies up for sale as it looks to cut costs during the turmoil surrounding its IPO, according to The Information. Weinberg also reported that these companies lose money despite getting "hundreds of millions" in revenue.

The Wall Street Journal reported on Tuesday that WeWork's new co-CEOs, Artie Minson and Sebastian Gunningham, wrote in an email to employees that they planned to "closely review all aspects" of the company, and that staff should expect "difficult decisions ahead."
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