WeWork India Announces Surrender Of Stock Options For Employees
WeWork India - one of the country’s largest flex space providers, is conducting its first-ever ESOP surrender exercise offering employees the opportunity to make the most of their vested stock options. As a token of gratitude for the employees’ commitment, efforts and faith in the company, team members associated with the company will be eligible to surrender up to 25% of vested stock options.
Adding to this, Karan Virwani, Chief Executive Officer, WeWork India said, “WeWork India is known for a strong culture of transparency, winning together, being entrepreneurial and doing the right thing, with a firm belief that our employees are an invaluable asset. In the last six years of building WeWork India, we have had many significant milestones and are thankful to our employees for believing in our vision. As an organisation, we have always adopted an employee-first approach, and the ESOP surrender is yet another step towards wealth creation and empowering people.”
Over the last six years, WeWork India has expanded to six cities across 45 locations with a member base of over 62,000. This growth has been achieved by incorporating an employee-centric approach and creating an environment that enables the teams and members to thrive. The ESOP surrender exercise is another example of WeWork India doubling down on this commitment.
