WeWork's Co-Founder Adam Neumann Expresses Disappointment Over Chapter 11 Filing, Envisions Reorganization for Success

Company CultureHigh Tech / High Touch
Written By Jennifer Joslyn

WeWork co-founder and former CEO Adam Neumann expressed disappointment over the company's Chapter 11 bankruptcy filing, stating his belief that with the right strategy and team, a reorganization could lead to success. Neumann was ousted in 2019 due to concerns over his spending and behavior but received a significant payout. WeWork's current CEO, David Tolley, is optimistic about the bankruptcy leading to a turnaround and improving the company's balance sheet.

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Jennifer Joslyn
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