The New York state attorney general is investigating WeWork amid layoffs

Reuters reported that the New York State Attorney General is investigating WeWork in the latest crisis facing the embattled workspace giant. The company confirmed that it had been contacted by Attorney General Letitia James' office, which will reportedly focus on activities by WeWork's founder and former CEO, Adam Neumann. The company has faced trouble since it shelved its initial public offering and turned to its largest shareholder for a rescue deal.

Reuters reported that the New York State Attorney General is investigating WeWork in the latest crisis facing the embattled workspace giant. The company confirmed that it had been contacted by Attorney General Letitia James' office, which will reportedly focus on activities by WeWork's founder and former CEO, Adam Neumann. The company has faced trouble since it shelved its initial public offering and turned to its largest shareholder for a rescue deal.

Source: News Formal (newsformal.com)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New York State Attorney General investigating WeWork, sources sayThe New York State Attorney General (NYAG) is investigating WeWork, according to two people familiar with the matter, adding to a series of problems facing the workspace provider.
Source: CNBC - 🏆 12. / 72 Read more »

Exclusive: New York State Attorney General investigating WeWork - sourcesThe New York State Attorney General (NYAG) is investigating WeWork, according to...
Source: Reuters - 🏆 2. / 97 Read more »

WeWork chairman tells employees layoffs will begin this week - Business InsiderRead the leaked email from WeWork's chairman telling employees that layoffs will begin 'in earnest' this week
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why unicorn IPO, WeWork flops are a good thing for the stock market - Business InsiderThe chief strategist at a $1.2 trillion investing titan explains why pain for Uber, Peloton, and WeWork is good news for the stock market — and helping fend off another tech bubble
Source: BusinessInsider - 🏆 729. / 51 Read more »

WeWork reportedly planning to layoff thousands as it attempts to reverse its fortunesWeWork could lay off as many as 6,000 employees as part of painful cost-cutting measures to turn its business, the New York Times reported.
Source: CNBC - 🏆 12. / 72 Read more »