Wework Inc - Company Profile
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WeWork Inc (WeWork) is an office coworking company that provides access to shared office space, community and connectivity of broad technology infrastructure. The company offers workplace solutions including move-in ready private offices, conference rooms for interviews, small group sessions and board meetings. Its global platform provides access to members' networks to connect and collaborate with workstations and weekly events. WeWork also works in partnership with brokers, landlords, event planners and space services consultants. The company operates in Asia, Africa, Europe, Oceania, North America, and South America. WeWork is headquartered in New York, the US.
Headquarters
United States of America
Address
12 East 49th Street, 3rd Floor, New York, 10017
Website
www.wework.com
Telephone
1 646 3893922
No of Employees
4,300
Industry
Construction
Ticker Symbol & Exchange
WEWKQ (OTC)
Revenue (2021)
$3.2B
26.3%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
54.2%
(2021 vs 2020)
Market Cap*
$6.4M
Net Profit Margin (2021)
XYZ
63.7%
(2021 vs 2020)
* As of and is in US$
Wework Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Work Spaces |
| Conference Rooms |
| Private Offices |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Financing Agreements | In November, the company secured up to US$682.5 million in debtor-in-possession financing from select lenders. |
| 2023 | Bankruptcy Filing | In November, the company filed for Chapter 11 bankruptcy. |
| 2023 | Contracts/Agreements | In March, the company announced a franchise partnership with SiSebenza for the exclusive right to operate WeWork’s existing locations in South Africa. |
Competitor Comparison
| Key Parameters | Wework Inc | CBRE Group Inc | IWG Plc | Beekeeper | Cross Campus |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Switzerland | United States of America | United States of America |
| City | New York | Dallas | Zug | Madison | Santa Monica |
| State/Province | New York | Texas | - | Wisconsin | California |
| No. of Employees | 4,300 | 130,000 | 9,055 | - | - |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Paul Keglevic | Chairman | Executive Board | 2023 | - |
| David Tolley | Director; Chief Executive Officer | Executive Board | 2023 | 55 |
| Kurt Wehner | Chief Financial Officer | Senior Management | 2023 | - |
| Claudio Hidalgo | Chief Operating Officer | Senior Management | 2023 | - |
| Pam Swidler | Chief Legal Officer; Secretary; Chief Compliance Officer | Senior Management | 2023 | 40 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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