If you’re acquainted with the WeWork tale, you could have a sense of déjà vu. The firm, which supplies employees with flexible office space, was reportedly valued at $50 billion. However, after a failed IPO and the layoffs of hundreds of its employees, WeWork became recognized for corporate drama rather than its real business. Neumann received a $1.7 billion departure payment when he stepped down as CEO in 2019.
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