Some WeWork executives were in line for million-dollar payouts if the sale had gone ahead and are now likely to get nothing and could even lose their jobs.

One worker said: "I left crypto to join an even more ludicrous `parody, IRL [in real life]' enterprise. Didn't even think that was possible."

Neumann, 40, cashed in around $700m of his own shares in WeWork before a share sale that at one point valued WeWork at $47bn. The company has begun attracting larger tenants, including IBM and Microsoft. The Guardian uses a WeWork space in California.

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