WeWork to announce major business model changes amid coronavirus: Report
FOX Business’ Charlie Gasparino breaks down WeWork’s changes to its business model including downsizing and using office sharing to help corporations cut back their footprint in major cities and promote social distancing.
WeWork co-founder Miguel McKelvey will leave the company by the end of June, he announced in a Friday email to colleagues.
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"After 10 years, I’ve made one of the most difficult decisions of my life – one that I’m not even sure has sunk in just yet," McKelvey wrote in the email. "But at the end of this month, I’ll be leaving WeWork. While it’s hard to leave, and I know there is a lot more work to be done, I could only make this decision knowing this company and our people are in good hands."
McKelvey thanked team members for helping to make his "daydream" turn into his "day job" and "helping thousands of other people do the same."
"I’ll carry with me the past decade of meaningful memories and powerful experiences for the rest of my life," he said.
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