WeWork explores shedding communal living business: report

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WeWork is deciding whether office-sharing is the main way forward for the company.

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The company is looking at ending its communal living business, according to Bloomberg.

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WeWork is reportedly holding talks talks about handing over operations of its WeLive location in Crystal City, near Washington D.C.

The company also has a location on Wall Street in New York City.

EMBATTLED OFFICE-SHARING COMPANY WEWORK TO SHED ALL “NON-CORE” BUSINESSES

A WeWork spokeswoman declined to comment to Bloomberg.

The idea of expanding to communal living was guided by co-founder and former CEO Adam Neumann.

WEWORK CO-FOUNDER NEUMANN SUES SOFTBANK OVER FAILED TENDER OFFER

Neumann’s resignation last year came after the company’s failed IPO attempt.

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That has forced the company to cutback on non-core businesses, eliminate jobs and concentrate on its office-sharing operations.

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