We Company; Samantha Lee/Business Insider
- WeWork's new co-CEOs plan to push out around 20 friends and family members of Adam Neumann, their recently ousted predecessor, according to The Wall Street Journal's Eliot Brown, Anupreeta Das, and Maureen Farrell.
- Included in that group are Vice Chair Michael Gross, Chief Product Officer Chris Hill, and 10 employees that reported directly to Neumann, according to the report.
- Co-CEOs Artie Minson and Sebastian Gunningham also plan to cut thousands of jobs and to sell off some of WeWork's businesses, outside of its core commercial real estate operations, The Journal reported
- Minson and Gunningham took over from Neumann earlier this week in the wake of WeWork's failed initial public offering.
- Read all of Business Insider's WeWork coverage here.
WeWork's new co-CEOs appear eager to make a sharp break from Adam Neumann's reign.
Artie Minson and Sebastian Gunningham plan to oust some 20 friends and family members of Neumann as part of an effort to overhaul the company and its management, The Wall Street Journal's Eliot Brown, Anupreeta Das, and Maureen Farrell reported Thursday. Among those in their sights: Michael Gross, a longtime friend of Neumann who serves as WeWork's vice chair, and Chris Hill, the company's chief product officer, who is also a brother-in-law of Neumann's wife Rebekah.
See the rest of the story at Business Insider
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See Also:
- WeWork is reportedly unlikely to go public this year — and thousands of layoffs could be coming
- Even after ousting Adam Neumann as CEO, WeWork could still go public this year — if it prices its IPO low enough
- WeWork will replace Adam Neumann with two new CEOs. Here's everything we know about Sebastian Gunningham and Artie Minson.
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