- Case
- Teaching Notes
This case covers WeWork’s 2019 failed initial public offering and the resignation of its CEO, Adam Neumann. Once considered a potential industry disruptor, WeWork’s valuation dropped quickly from USD 47 billion to USD 7 billion after mounting scrutiny concerning its corporate governance and financial losses. After restructuring leadership and receiving an investment bailout from the Japanese conglomerate SoftBank, WeWork is still struggling to turn a profit as it plans for significant layoffs and a revised growth plan.