The company formerly known as WeWork is going back to its original name in an effort to return to its office-sharing roots.

WeWork has delayed plans to open shared living spaces in Tel Aviv and Jerusalem after its initial public offering collapsed last month.

The charismatic, Israeli-born co-founder of WeWork is stepping aside as the company's leader as criticism over misbehaviors mounts.

The top spot went to We Company, the shared workspace company valued at $47 billion and co-founded by Israeli-born entrepreneur Adam Neumann.