WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as chief executive and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February and has kicked off a multi-year turnaround effort.

WeWork Chairman Marcelo Claure told the Financial Times in July that the company was on track to be cash-flow positive in 2021, thanks to aggressive cost cutting and a boost in demand from companies seeking flexible office arrangements because of the coronavirus pandemic.

Meanwhile, WeWork has been awash in vacancy in New York City, its biggest market, according to marketing materials seen by Business Insider. The flexible-workspace giant, which has almost 9 million square feet of office space in the city and is its largest office tenant by a wide margin, had nearly 1.9 million square feet of available space, over 20% of its portfolio.

We’ve also reported that Wells Fargo is not renewing its lease in a 750-person WeWork space in Charlotte, N.C. But Citi has signed a lease for a roughly 100-person WeWork space that’s not in a major city. WeWork has also leased a large new space in Jersey City for a planned spinoff of pharmaceutical company Merck.

WeWork shared second-quarter financials with staff on August 12, showing memberships fell in the quarter. Still, the coworking giant continued to add locations and nabbed a fresh $1.1 billion in financing from lead investor SoftBank.

Here's everything we know about what's going on inside WeWork:

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Lawsuits and investigations

Executive changes under CEO Sandeep Mathrani

Plotting a path forward

SoftBank bailout

Fallout after the failed IPO

Neumann's exit

Tanking valuation

Financials, business history, and real estate

Coworking rivals

Road to the failed IPO

Neumann's leadership

SoftBank's role