WeWork is selling control of its China business to investment firm Trustbridge Partners as part of the co-working giant’s effort to turn around its business, Bloomberg and other media outlets reported. On Wednesday, WeWork announced a $200 million investment in WeWork China led by Trustbridge, one of the Chinese unit’s existing shareholders. As a result of the investment, Trustbridge now owns a...
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Another Software Shakeup: Confluent Chief Revenue Officer Departs
As software gets harder to sell, top sales leaders are increasingly getting replaced. Larry Shurtz, chief revenue officer at data analytics firm Confluent, is leaving about 18 months after joining from Salesforce, according to a person with direct knowledge. His departure follows similar removals of sales leaders at major enterprise software firms such as Salesforce, Google Cloud and Okta...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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