2,438
edits
Changes
→Full timeline
| 2019 || September 24 || {{w|Divestment}} || The We Company sells the company's $60 million luxurious private {{w|Gulfstream G650}} that Adam Neumann and his family personalized and used to fly all over the world. Critics say the plane has become a "red flag in the lead up to the company's IPO" and has created perceptual problems with employees who didn't receive promised bonuses or raises.<ref>{{cite news|last1=Morris |first1=Meghan |title=WeWork is selling the company's $60 million luxurious private jet that Adam Neumann and his family personalized and used to fly all over the world |url=https://www.businessinsider.com/wework-is-putting-neumanns-60-million-jet-up-for-sale-2019-9 |website=Business Insider |accessdate=26 December 2019}}</ref>
|-
| 2019 || September 24 || Leadership || {{w|Adam Neumann}} announces resignment resignation as {{w|CEO}} of The We Company, changing his role as non-executive chairman of the board. Neumann previously faced increasing pressure to relinquish his position after reports highlighted strange behaviors, including drug use and desires to become Israel’s prime minister.<ref>{{cite web |title=WeWork CEO Adam Neumann is stepping down |url=https://www.theverge.com/2019/9/24/20882034/wework-ceo-adam-neumann-stepping-down-chairman |website=theverge.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork CEO Adam Neumann steps down |url=https://www.cnbc.com/2019/09/24/wework-ceo-adam-neumann-is-expected-to-step-down-amid-controversy-and-retain-chair-role-wsj-reports.html |website=cnbc.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=Adam Neumann gives up most of his voting power and steps down as WeWork's CEO, saying intense public scrutiny of him was a 'distraction.' 2 execs will permanently replace him. |url=https://www.businessinsider.com/wework-co-founder-adam-neumann-is-stepping-down-as-ceo-2019-9 |website=businessinsider.com |accessdate=27 December 2019}}</ref><ref>{{cite web |title=WeWork CEO Adam Neumann steps down |url=https://techcrunch.com/2019/09/24/report-weworks-adam-neumann-to-step-down-as-ceo/ |website=techcrunch.com |accessdate=27 December 2019}}</ref>
|-
| 2019 || September 27 || {{w|Divestment}} || According to report in ''Fortune'', The We Company seeks to divest and sell off three businesses acquired in recent years. The three companies are [[w:Conductor (company)|Conductor]], {{w|Managed by Q}}, and {{w|Meetup}}. The company also seeks to layoff between 2,000 and 3,000 people to reduce costs. The report also states that approximately 20 long-time friends and family members would be let go from the company.<ref>{{cite news |last=Shen |first=Lucinda |url=https://fortune.com/2019/09/27/wework-founder-adam-neumann-is-out-the-door-his-friends-may-be-next/ |title=WeWork Founder Adam Neumann Is Out the Door—His Friends May be Next |work=[[w:Fortune (magazine)|Fortune]] |accessdate=26 December 2019}}</ref>
