WeWork is seeking a $ 1bn cash injection from its largest shareholder SoftBank and a $ 3bn debt deal from JPMorgan , Reuters has reported . The co - working company reportedly wants to secure the funds in the week of 31 October , when it expects to announce a restructuring , which could see between 10 % and 25 % of the company ’s total employees laid off , according to Business Insider . JPMorgan is reluctant to begin serious negotiations before SoftBank , which has already invested more than $ 10bn , announces a debt deal , Reuters ' sources said . SoftBank wants to renegotiate a $ 1.5 billion warrant deal , which was agreed in January based on assets being valued at around $ 47 billion , before providing the additional $ 1 billion , one of the sources said .
WeWork is seeking a $1bn cash injection from its largest shareholder SoftBank and a $3bn debt deal from JPMorgan, Reuters has reported. The co-working company reportedly wants to secure the funds in the week of 14 October, when it expects to announce a restructuring, which could see between 10% and 25% of the group’s 12,500 employees laid off, according to Business Insider. JPMorgan is reluctant to begin serious negotiations before SoftBank, which has already committed more than $10bn, agrees a financing deal, Reuters' sources said. SoftBank wants to renegotiate a $1.5 billion warrant deal, which was agreed in January based on WeWork being valued at around $47 billion, before providing the additional $1 billion, one of the sources said.