Office sharing company WeWork is being rescued by its largest shareholder, SoftB...
NEW YORK - Office sharing company WeWork is being rescued by its largest shareholder, SoftBank Group Corp , with a $9.5 billion injection of funds but it still faces a very difficult road to survival given its large losses, and property lease liabilities.
Reuters asked some of its rivals what they would do to turn the company around if they were running WeWork. Here are some of their answers:“First is rebuild trust with your people... really start to lay the foundation of a new type of culture.” “I would rebuild the culture from scratch. In the long run, ensuring that humility, respect, transparency and trust are core values of the company culture, together with commitment to delivering on brand promises, enables the creation of value and development of a competitive advantage.
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