Quote from Ndubuisi Ekekwe on September 25, 2019, 2:43 PM

Investors always have their ways: WeWork  has worked on its founder Adam Neumann who has left the CEO space, TechCrunch reports. WeWork under Adam was seen as lacking corporate governance. The company which was expected to yield $47 billion in IPO was rumored to be prized in the $10 billion neighborhood before they cut-off the process.

Adam Neumann succumbed to pressure yesterday to step down as CEO, taking the role of non-executive chairman at the company he co-founded nine years ago.

Layoffs are likely to follow — in fact, sources tell TechCrunch that the scope of these layoffs will be massive, with newer business units scaled back so the company can focus on its core business.