Deals
WeWork Looks to Sell Private Jet, 3 Side Businesses
The troubled co-working company is cutting costs as it refocuses on its main business.
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After the sudden ouster of WeWork Chief Executive Officer Adam Neumann on Tuesday, the co-working giant’s two new co-CEOs pledged in an email to staff to “strengthen our core business.” They’re starting by selling Neumann’s private jet.
WeWork parent We Co. is selling the $60 million Gulfstream G650 that the company bought last year for Neumann to use for travel and meetings, according to a person familiar with the matter, who asked not to identified because the plans are private.