- Former WeWork CEO Sebastian Gunningham has turned down a role as chief operating officer at Carta, Business Insider has learned.
- The COO role has been open at Carta since 2016, and it's just one of several high-level positions open at the company.
- Gunningham took over as co-COO at WeWork after founder Adam Neumann stepped down.
- Carta declined to comment.
- Visit Business Insider's homepage for more stories.
Former WeWork CEO Sebastian Gunningham is in search of a new job, but it's not going to be at Carta.
Gunningham turned down a role as chief operating officer at the $3 billion equity management company after meeting with members of the management team over the last couple of weeks, according to people familiar with the matter.
The company had previously told employees that Gunningham would join as COO, two people said.
A spokesperson for Carta declined to comment.
It's just one of many open leadership roles at Carta, which sells equity management software to startups and venture capitalists. The company laid off 16% of its 1,000-person team on April 15, just weeks before announcing a new $180 million funding round.
Since late 2019, the company had lost its head of marketing, chief people officer, chief technology officer, and chief strategy officer, as well as a senior vice president in sales.
The COO role has been open at Carta since 2016 when David Kim abruptly left the company. Kim has since returned as head of operations and then head of business.
Former Bloomberg LP executive Suzy Walther joined Carta as chief people officer role in March, and Garrett Held joined the company as chief information security officer in February from Twilio, according to LinkedIn.
Gunningham came into the national spotlight in September after he took over as co-CEO of WeWork alongside Artie Minson. The pair replaced founder Adam Neumann, who stepped down after WeWork delayed its initial public offering and saw its estimated market value slip to $15 billion, from $47 billion in January 2019.
Before WeWork, Gunningham spent his career in executive roles at large tech companies including Oracle, Apple and Amazon.
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