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November 8, 2019 11:37 pm
Photo by Justin Sullivan/Getty Images
Original Link: https://www.theverge.com/2019/11/8/20955870/wework-divesting-non-core-businesses-co-working-wave-pool-company-adam-neumann
WeWork is divesting itself from its non-core businesses, including a wave pool company
Photo by Justin Sullivan/Getty Images
Earlier this week, SoftBank’s Masayoshi Son said that it was a mistake to have invested in WeWork, and shared a “simple” three step plan to turn around the company, which included dumping side businesses that aren’t profitable. Well, it seems like that might be happening soon, as WeWork has published a “90-day game plan” that divests itself of those non-core businesses and includes internal layoffs, as first reported by CNBC.
Here are the businesses that WeWork says it is going to get rid of. One is a company that makes wave pools.
Conductor, a digital marketing platform
Managed by Q, which makes software to help office teams hire service providers
Meetup, which helps people meet up for various activites
Space IQ, which makes...
Original Link: https://www.theverge.com/2019/11/8/20955870/wework-divesting-non-core-businesses-co-working-wave-pool-company-adam-neumann
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