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WeWork CEO Adam Neumann resigned on Tuesday, just days after investors, including Softbank CEO Masayoshi Son, the company's largest, favored his ouster.
This can be the beginning of several changes involving the workspace provider.
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The company will be assessed by the new management with decisions to be made, including a cost reduction, which could involve the removal of a few thousand of the company's 12,000 employees, according to the Wall Street Journal.
Neumann will remain non-executive chairman and will be replaced by two of his deputies,
Artie Minson, chief financial officer of We Co. parent company, will focus on financial, legal and human resources. Sebastian Gunningham, a veteran of Amazon, will be busy with marketing and technology.
"We will look closely at all aspects of our company in order to strengthen our core business," the new CEOs said in a statement.
We Company postponed its initial public offering last week after potential investors rejected, among other things, Neumann's degree of control over the company.
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Neumann will also abandon the majority control of the company. His surveillance actions would have been reduced to 10 to 1.
A potential IPO valuation earlier this month had cost $ 10 billion.
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