Summary: WeWork’s Chief Operating Officer Anthony Yazbeck will step down from his role and as president, marking another leadership change for the embattled flexible workspace provider.
WeWork’s COO Anthony Yazbeck has announced his resignation, adding to the list of leadership changes at the troubled company. His departure comes as WeWork continues to struggle with its business operations. The decision was made without any disagreements related to financial or operational matters. WeWork’s problems began in 2019 when its plans to go public failed, causing concerns over its large losses and doubts about its business model. In August, the company expressed doubt about its ability to sustain operations. Earlier this year, CEO Sandeep Mathrani and CFO Andre Fernandez also left the company.
Tags: WeWork, COO resignation, business troubles, leadership changes, public offering failure