WeWork boss to walk away with $1.7bn after SoftBank rescue deal www.theguardian.com

Once valued at as much as $65bn, WeWork is now thought to be worth $8bn – less than the $10bn SoftBank had invested in the company before the rescue package.
The payout to Neumann comes as WeWork weighs up sacking about 2,000 people.
The redundancies are on hold while WeWork refinances but are expected soon and have triggered widespread bitterness among WeWork’s 15,000 employees.
By the end of June this year, WeWork had grown to a business with 528 locations worldwide with 527,000 tenants – or “members” as WeWork calls them.
Earlier this year some bankers predicted WeWork could be worth as much as $65bn, which would have valued Neumann’s stakeat $14bn.