Shared office development We work retired from CEO to reorganize September 26, 13:59

US WeWork, which has shared offices around the world, including Japan, was concerned about the deficit and corporate governance, but by 26th, one CEO of the founder had retired, We are hurrying to reestablish management.

Since its establishment in 2010, WeWork has grown rapidly by developing shared offices in more than 20 countries, including Japan, and the Softbank Group in Japan has become a shareholder.

In order to further expand the business, IPO was expected to go public during this month. However, shareholders and investors have been in the process of continuing the deficit and the suspicion of corporate governance. It was reported that he wanted a postponement.

Under these circumstances, the company made a statement by the 26th and announced that one of its founders, Adam Newman CEO, retired and became chairman without executive rights.

In the statement, Newman commented, “In the past few weeks, my investigation has significantly hindered my work and I decided that retiring from CEO was the best choice for the company.”

The American media also reports that the company is considering a reduction of 5,000 people, about one-third of all employees, and the company is rushing to rebuild.