World News: 01:11 GMT Saturday 9th November 2019. [Yahoo Business News Feed via SPi World News]
WeWork said Friday it will divest from several side businesses and cut jobs as part of a 90-day plan to turn itself around following its botched attempt to sell stock on Wall Street. The office-sharing company will divest from five non-core businesses, including Meetup, the online community event organizer that WeWork bought in 2017, according to a newly released presentation first shared privately with investors in October. The document shows WeWork was still working to grow rapidly as its initial public stock offering unraveled in September, a crisis that left the company on the brink of bankruptcy and forced the ouster of co-founder Adam Neumann.
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