WeWork has announced it has sold its previously acquired software company Teem and divested its stake in female-oriented coworking firm The Wing.
This is WeWork’s latest move in walking away from various endeavors outside of its core business as it works to minimize its costs.
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“These sales mark the latest progress in WeWork’s evolution and allow our talented team to focus on the core business,” said Artie Minson, co-CEO of WeWork.
In December, the coworking firm also sold off marketing software firm Conductor and shuttered operations of coworking firm Spacious, which was acquired just five months prior.
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Currently, the sale of group-meeting platform Meetup and building services provider Managed by Q are in process.
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