WeWork announced a “90-day game plan” that involves a divestiture of all “non-core businesses.” The company said it will focus on the core WeWork desk business, prioritize “disciplined growth with profitability, and right-size” operations to account for this long-term strategy. As part of its “game plan,” the company will cut jobs across Ventures, G&A, and growth-related functions, noting that Community teams will not be impacted. WeWork will also divest non-core businesses, including The Wing, Conductor, Meetup, team, Wave Garden, SpaceIQ, and Managed by Q. The company added that it plans to “realign” performance incentives, noting that it has 676,00 total desks as of September 2019.
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