Smart Buildings

WeWork Differently Now

It wasn’t that long ago that WeWork’s rapid rise and fall was a regular feature in business and financial news but it soon faded into the background as the COVID-19 pandemic took center stage across all media. Taking the company out of the spotlight was likely already a strategy for Sandeep Lakhmi Mathrani when he was brought in as CEO to “settle the ship” after a turbulent time of controversial revelations surrounding former CEO, Adam Neumann, in the build-up to the firm's failed IPO. Too much money had been invested and too many commitments had been made for WeWork to be allowed to cave, but significant restructuring was required to get the firm back on its feet to find a new way forward. “The important thing is fair to say that two years ago, the value of WeWork was zero. The company was on the verge of bankruptcy, company had run out of cash, and the […]

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Smart Buildings

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