WeWork will close its private school in 2020 as it looks to cut costs

WeWork is shutting down early education school WeGrow after the current school year concludes.

WeWork is shutting down early education school WeGrow after the current school year concludes, the company confirmed to CNBC.A man enter the doors of the 'WeWork' co-operative co-working space in Washington, DC.WeWork is shutting down early education school WeGrow later this year, in what represents the latest cost-cutting measure by the struggling office-sharing company.A WeWork spokesperson told CNBC that WeGrow will continue to operate through the remainder of the 2019-20 school year.

"As part of the company's efforts to focus on its core business, WeWork has informed the families of WeGrow students that we will not operate WeGrow after this school year," the spokesperson said in a statement. "WeWork and the families of WeGrow students are engaging in discussions with interested parties regarding plans for WeGrow for the following school year."

The move follows additional efforts by WeWork's new co-CEOs, Artie Minson and Sebastian Gunningham, to

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