(Reuters) – WeWork has launched a search for a new chief executive following the departure of co-founder, Adam Neumann, and people familiar with the matter said on Monday, as the united states, office-sharing, start-up, wants to reverse the expansion of losses.
WeWork is the current co-ceos, Artie Minson, and Sebastian Gunningham, but as of September, however, the discussions indicated the SoftBank Group (9984.(T), WeWork, the majority owner, the state, and to wait for a light to change, after a failed attempt to make it to the show this year.
WeWork is in talks with a number of potential CEO candidates, including U.S. mobile carrier T-Mobile US Inc (TMUS.(O) CEO John Legere, the sources said. The Wall Street Journal first reported on the Loose in the discussions with the WeWork over for the CEO job.
WeWork, and T-Mobile declined to comment.
Loose is not a prime candidate for the WeWork ceo role, the sources said. The on-going discussion with WeWork, it would represent a conflict, in view of the fact that Legere wants to re-negotiate agreements with SoftBank, the $26 billion merger with T-Mobile, and Sprint Corp (S. N).
The deal is currently pending approval, Legere said last week talks were in progress with the Sprint, in order to extend their merger agreement. He also refused to rule out the application of the $26 billion in reduced price.
SoftBank, last month brought in just under $10 billion to take control of WeWork, to save the company from potential bankruptcy after failing to make an initial public offering, which has also led to the Construction’s start.
Neumann, who attracted the criticism for his erratic style of management, was replaced as CEO by Minson and Gunningham, but speculation has been rife that the pair are only a stop-gap solution.
Since taking control of WeWork, SoftBank has been installed, the company’s chief operating officer, Marcelo Claure, as the executive chairman of WeWork, We have the parent of The Company.
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SoftBank has talked about the need to return to the WeWork is the core business of the hiring out of a trendy office space for freelancers and companies. That would be to pull the company back from the secondary Construction had forayed into, like the education.
In a presentation published last week, WeWork, said that it plans to divest seven non-core Conductor, in the Wing, which is Managed by Q, Meetup, SpaceIQ, Head of Golf and Garden views. The units are to organize meetings, facilities and workplace management, and marketing.
Legere, who often wears a dress in the T-Mobile’s magenta trademark color, and is an outspoken CEO, renowned for making larger rivals Verizon and AT&T.
Report by Sheila Dang and Greg Roumeliotis in New York; Additional reporting by C, Nivedita, Bengaluru, and Joshua Franklin in New York; Editing by Cynthia Osterman and Jonathan Oatis