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.
“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.
Currently, the sale of group-meeting platform Meetup and building services provider Managed by Q are in process.