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As several WeWork employees face job cuts with no severance, SoftBank will give former WeWork CEO Adam Neumann as much as $1.2 billion in a bailout deal with the company.

WeWork has announced that SoftBank will provide $5 billion in new financing as well as $3 billion in a tender offer, officially giving it 80% of the coworking company.

Reports state that SoftBank will take over WeWork at an $8 billion valuation, which seems like a huge cut from its $47 billion valuation, but may still be unwarranted.

Regardless of the size of a company, expanding internationally can be costly and time-consuming, which is why adopting flexible offices is the perfect solution for all.

While some coworking companies like WeWork are struggling to stay afloat, The Yard is finding great opportunity to present itself as a more reliable, stable provider.

Novel Coworking purchased the 100,000 square foot downtown Orlando Angebilt building back in January and has now opened up the space amid the area’s coworking boom.

SoftBank will take a controlling stake in WeWork and pay former CEO Adam Neumann $1.7 billion to officially walk away from the company and give up his voting rights.

WeWork will reportedly agree to SoftBank’s takeover deal that will value it at $8 billion and give the Japanese conglomerate at least a 70% stake in the coworking firm.

Commercial real estate trends come and go, but it seems that the trend of flexible offices is here to stay thanks to growing demand from corporates and freelancers alike.

Joyce Bromberg, chief design officer at coworking firm Convene, said design is moving away from the traditional numerical approach and is becoming more human-centered.