WeWork

from Wikipedia, the free encyclopedia
WeWork Companies Inc.

logo
legal form Inc.
founding 2010
Seat New York City ( USA )
management Adam Neumann (Founder)
Miguel McKelvey (Founder)
Number of employees 10,000 (2019)
Website wework.com
As of March 1, 2019

WeWork is an American company that offers office space and coworking spaces for the self-employed and companies. In Germany, the company has locations in Berlin , Frankfurt am Main , Hamburg , Cologne and Munich ; There are over 650 locations worldwide in 2019.

history

WeWork kitchen area in New York

WeWork was founded in 2010 by Miguel McKelvey and Adam Neumann in New York . In 2011, the company ran for creative accounting under criticism in 2014 reported Forbes , WeWork is the fastest growing rent office space in New York. That same year, the value of the company at 5 billion was US dollar appreciated. In 2017, the company was valued at $ 20 billion. At the beginning of 2019, Wework was valued at $ 47 billion.

Since the beginning of 2019, WeWork has been pursuing the new strategy “The We Company”, which is being supplemented by the divisions “WeLive” (rental of living spaces with a similar concept) and “WeGrow” (educational services). Around 300 employees were laid off in March 2019.

With the submission of the stock exchange prospectus in August 2019 in preparation for the IPO, criticism of the corporate structure grew, which ensured Adam Neumann's great influence. In addition, it was unclear how the company could become profitable because, in addition to sales, losses had also increased. At the end of September 2019, Neumann stepped down from the position of CEO with immediate effect, replacing Artie Minson (previously CFO) and Sebastian Gunningham (previously Vice Chairman) as dual leaders. Neumann remains chairman of the board of directors (chairman). According to media reports, the investor Softbank had exerted pressure to achieve the change at the top of WeWork. At $ 11 billion, Softbank is the largest investor. The IPO scheduled for September 2019 has been postponed. The New York Times reported on the group's considerations to part with 4,000 to 5,000 of its 12,500 employees at the time.

functionality

“Workspace” in San Francisco

In order to use the workstations at the WeWork locations, individuals or companies must become members of WeWork. It is possible to permanently rent a desk in an open work area or to acquire access to a contingent of changing staffed desks, whereby the tenant does not always use the same workstation. In addition, private offices, entire office floors and entire locations can be rented. If there are other WeWork tenants at the locations, they share some services, for example in the form of meeting rooms. Certain internal services can be purchased in an online shop in addition to services from third parties.

Individual evidence

  1. ↑ WeWork cuts about 300 employees. Retrieved May 12, 2019 .
  2. ↑ Wework.com - Locations. Retrieved May 12, 2019 .
  3. ↑ Wework.com - Mission. Retrieved May 12, 2019 .
  4. ↑ https://www.faz.net/aktuell/wirtschaft/unternehmen/wework-ungute-erinnerungen-an-kreative-buchfuehrung-15606630.html
  5. ↑ The Rise of Wework. Retrieved May 12, 2019 .
  6. ↑ WeWork now a 5 Billion Real Estate Startup. Retrieved May 12, 2019 .
  7. ↑ Forbes.com - WeWork hits 20 billion valuation in new funding round. Retrieved May 12, 2019 .
  8. ^ Roland Lindner, New York: Shortly before the IPO: Wework co-founder resigns . September 24, 2019, ISSN  0174-4909 ( faz.net [accessed September 28, 2019]).
  9. ↑ WeWork to rebrand to The We Company. Retrieved May 12, 2019 .
  10. ↑ Techcrunch.com - WeWork confirms it has let go of 300 employees. Retrieved May 12, 2019 .
  11. ↑ Wework removes power from its founder . Frankfurter Allgemeine Zeitung, September 26, 2019, p. 23.
  12. ↑ The Wework debacle comes at an inopportune time for Softbank . Frankfurter Allgemeine Zeitung, September 26, 2019, p. 23.
  13. ↑ Wework.com - Shared Workspace. Retrieved May 12, 2019 .
  14. ↑ Wework.com - Workspace. Retrieved May 12, 2019 .
  15. ↑ WeWork Services Store. Retrieved May 12, 2019 .

Web links

Commons : WeWork  - collection of images, videos and audio files