Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

Adam Neumann Could Be Removed As WeWork CEO

A group of WeWork board members are looking to remove Adam Neumann as the company’s CEO, following a report that he cultivated a party culture and has made questionable business decisions, The Wall Street Journal reported.

Some of the members questioning Neumann’s leadership are from SoftBank Group Corp., which invested $9 billion into the shared-workspace company, now called We Co. They are meeting Monday. The plan is to suggest moving him to WeWork’s nonexecutive chairman. He co-founded the company in 2010

WeWork lost more than $2 billion last year, and it recently delayed its initial public offering after analysts questioned how much the company is worth and how soon it will run out of money. It went from being valued at $47 billion to between $15 billion and $20 billion — or possibly lower.

Employees are having fun, though, at least sometimes. Tequila and marijuana are reportedly staples at company events, which used to include a music festival-like experience in London.

Alyssa Fisher is a writer at the Forward. Email her at [email protected], or follow her on Twitter at @alyssalfisher

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.

Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.

Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.

Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly. 

— Rachel Fishman Feddersen, Publisher and CEO

Join our mission to tell the Jewish story fully and fairly.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.