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 . The prospect of raising less than $3 billion, the amount needed to unlock $6 billion in bank financing, prompted WeWork to shelve its plans. 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 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 .