(CNN Business) The Wing, a coworking community and social club, bills itself as a sort of feminist utopia that is "designed for women of all definitions." Now, as the nation more broadly confronts inequality and social justice, cofounder Audrey Gelman has stepped down as CEO of the startup on Thursday. "The Wing remains a vital resource for thousands of women navigating their path to success," the company said in a statement about Gelman's departure. "But the moment calls for a rethinking of how we meet their needs moving forward and for new leadership that can guide The Wing into the future." Its physical operations are temporarily closed and the company, which has raised roughly $117 million, recently underwent layoffs.

Source: CNN June 11, 2020 20:26 UTC