Insane. This story is number one on hn for me and right below it in number two is https://news.ycombinator.com/item?id=21062231

> WeWork, Bankers Have Discussed Laying Off One-Third of Workforce (theinformation.com)

If you, the reader, have an offer from WeWork, I suggest you ask for a bigger paycheck (like real money, not funny money) for all this uncertainty.

At this point there is a non-zero and growing chance the company collapses completely. They have no plans or research or any other projects that are expected to make money, ever, and nobody seems interested in another round of fundraising.

They will likely try to force the IPO through anyway at some sub $5B valuation, but even then it seems like they may not generate much interest after that cuckooville S1.

Some of their financing demands they IPO this year I think. Could have misread something though.