With WeWork's corporate fortunes up in the air, the entity's umbrella organization, WeCompany, has begun to shake up its various elements and initiatives around the country. 

In Seattle, for example, a planned development with Martin Selig Real Estate for a 36-story co-working and co-living tower designed by Perkins and Will has been dissolved, according to The Seattle Times. Under a 2017 agreement, Selig and WeWork had agreed to share construction and financing costs to create a 23-floor co-living-focused "vertical neighborhood" complex under the company's WeLive label, with the remaining floors set to be occupied by WeWork spaces. The deal was dissolved in early October, despite the fact that the tower is already under construction. The real estate company plans to finish the project and rent out spaces to other entities. 

WeWork, according to a report published by CBRE discussed in The Seattle Times, rents nearly all of the 1.7 million square feet of flexible office space currently in existence in the Seattle area. 

The moves come as The Guardian reports that WeWork is expected to lay off at least 2,000 people this week, or roughly 13-percent of its workforce. It also follows news that WeWork's plan to purchase the flagship Lord & Taylor department store in New York City is facing financial troubles. The company, which paid $35 per square foot above asking price for the building, is having trouble finding tenants to fill the offices. 

WeWork is, according to The New York Post, New York City's largest office tenant, with over 5 million square feet of space under lease there. 

WeCompany, Business Insider reports, has also announced plans to close down its WeGrow school at the end of the academic year. The entrepreneurship-and-mindfulness-focused initiative's flagship facility is located in New York City and was designed by Bjarke Ingels Group.