We just learned about the latest WeWork departures: two long-time members of Adam Neumann's inner circle are out. More key exits are likely coming.

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We just learned about the latest WeWork departures: two long-time members of Adam Neumann's inner circle are out. More key exits are likely coming.

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Adam Neumann

Fortune Brainstorm

WeWork's former CEO Adam Neumann.

  • Neumann's departure as CEO came after a tumultuous few weeks for the coworking giant, which had been eyeing an IPO. Two co-CEOs were named on Tuesday and have moved quickly to turn the company around, including selling off businesses and the company's private plane.
  • Two employees who had supported Neumann for years have been terminated. More departures are said to be coming.
  • The departures show the company is moving quickly to move beyond Neumann's leadership.
  • Click here for more BI Prime stories.

WeWork co-founder Adam Neumann announced he was resigning as CEO earlier this week, and now a wave of people who surrounded the exec at the middle of the swirling drama at the office company are also departing.

Zvika Shachar, head of global security, is leaving. So is Roni Bahar, WeWork's director of development. Others are said to be on their way out, with some discussions happening this week, including with Neumann's support staff. This story will be updated as more information is available.

Since 2011, Shachar has served in a number of roles, including head of global security and safety; vice president of special projects in the CEO office; and head of global benchmarking and standards, according to his LinkedIn. Bahar joined in 2012, per his LinkedIn.

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The two are said to be longtime friends of Neumann; Shachar and Neumann served together in the Israeli army, where service is compulsory. A source who worked close to the C-suite said Shachar had no other formal security training.

A representative for WeWork declined to comment.

WeWork is also selling off the $60 million private jet that Neumann used, Business Insider reported earlier on Thursday. WeWork had $6 billion in financing contingent on pulling off an IPO by the end of the year. It's also been spending heavily on investing in growth as well as posting wide negative operating cashflows. SoftBank is now planning to pump more money into WeWork, which could unlock other financing options, according to media reports this week.

Read more: SoFi's CEO Anthony Noto says WeWork is a 'gut check' moment for startups eyeing IPOs, and highlights how boards need to change their thinking

Neumann's departure came after a tumultuous few weeks for the coworking giant, which had been eyeing an IPO. But pressure on the company and its leader started ramping up in August after it revealed detailed financials in its S-1 statement when laying the groundwork for the offering.

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Neumann has been a lightning rod given his financial entanglements with the company he ran, as well as his unconventional leadership style. He will stay on as non-executive chairman, but his voting rights have been slashed.

WeWork mulled massive cuts to its previous $47 billion valuation to win over potential investors, but has now postponed its IPO.

In a statement on Tuesday announcing Neumann was stepping down as CEO, he said intense public scrutiny had become a distraction. Current WeWork execs Artie Minson and Sebastian Gunningham will now head the company as co-CEOs.

In that statement, the two new co-CEOs said they would be "taking clear actions to balance WeWork's high growth, profitability, and unique member experience while also evaluating the optimal timing for an IPO."

Read more: Adam Neumann is out as WeWork's CEO, but that's no 'silver bullet': VCs and proptech experts think it will take cutting passion projects and cleaning house to right the ship

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