WeWork’s technology infrastructure is due for an expensive overhaul, current and former IT employees told Business Insider.
At WeWork’s start, IT was led by a 16-year-old who dropped out of high school to join the company. WeWork later sued him, alleging fraudulent misrepresentation and other claims in a case the parties ultimately agreed to dismiss.
Redoing what some current and former WeWork IT staff said was outdated and sub-standard infrastructure could cost tens of millions of dollars – just as the company’s looking to drastically cut costs.
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Before its initial public offering collapsed, office leasing firm WeWork tried to position itself as a tech company.
But its buildings are loaded with technology that needs to be ripped out and replaced, three current and former WeWork IT employees told Business Insider.
If the company doesn’t upgrade, it’s possible that tenants – or “members” in WeWork parlance – could be unwittingly sharing their data with hackers who gain access to the network through outdated or sub-standard tech, the sources said.
Two sources broadly estimated this is a project that could cost the company tens of millions of dollars.
“This isn’t a million, two, three million dollar project. This is tens …read more
Source:: Businessinsider – Technology