WeWork explores shedding communal living business: report
WeLive locations are in Crystal City, near Washington D.C. and also Wall Street
WeWork is deciding whether office-sharing is the main way forward for the company.
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.
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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.
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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.