Marcelo Claure

WeWork on Friday released an investor presentation that shows how its new leaders are trying to make a break with the past.
Among other things, the presentation indicates the company plans to focus on working with large companies, a customer group that co-CEO Artie Minson told Business Insider earlier this year is critical for growth.
In the document, WeWork for the first time publicly released specific data about location occupancy and other metrics.
The company was criticized for not publishing such numbers in its filing to go public, an effort it ultimately cancelled in the face of investor resistance.
Read all of Business Insider’s WeWork coverage here.

WeWork on Friday released an investor presentation that offers new details about its business and turnaround plan.

The 49-slide presentation, which dates from mid-October, offers data about its operations that the company didn’t include in the filings it made for its now-aborted initial public offering. The turnaround plan it lays out is an early version of one that is still in the works, a source said.

The plan laid out in the presentation called for WeWork to cut jobs in its general and administrative groups, at its venture arm, and in “growth-related functions.” …read more


Source:: Businessinsider – Finance

      

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