(Reuters) – WeWork co-founder Miguel McKelvey will leave the office space-sharing firm at the end of June, a company spokesman said on Friday.
“After 10 years, I’ve made one of the most difficult decisions of my life … at the end of this month, I’ll be leaving WeWork,” said McKelvey, who founded WeWork with Adam Neumann in 2010.
McKelvey’s exit comes as WeWork, majority owned by SoftBank Group Corp , faces a tough business environment due to the COVID-19 pandemic as a rush to work-from-home arrangements has weighed heavily on the company by reducing occupancy and increasing operating costs.
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shounak Dasgupta)
