WeWork Singapore expansion on track even as US parent seeks new funding

Singapore

WEWORK Singapore is going ahead with its expansion plans in the Republic, seemingly unruffled by woes at its US-headquartered parent company, which is seeking a US$1 billion lifeline from Softbank Group to proceed on a major restructuring.

Its Singapore outfit is poised to have three new locations here by the year's end, even after its parent recently shelved a public listing and is planning layoffs - reportedly in the thousands - that could take place as soon as this month.