FILE PHOTO: WeWork logos are seen at a WeWork office in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch
Kazuyuki Sasaki moves from managing director to CEO of WeWork Japan, an office-sharing venture jointly owned by WeWork and its biggest backer SoftBank Group Corp , the company said in a statement.WeWork’s parent, the We Company, abandoned an initial public offering in September following criticism of its valuation and corporate governance.
WeWork Japan has grown to 21 locations in 5 cities in just 20 months, in part by filling seats with SoftBank employees, with WeWork also designing the tech conglomerate’s new Tokyo headquarters.
Though I do not wish bad to the investors hard earned money, But it's high time they should accept shared working space model of we work doesn't work, not at least in its current form. If wework raises more money, am not sure if it will create more value or wealth. Cheers
lol