ABN Amro Bank NV and Franco-German financial group Oddo BHF are also weighing offers for the private bank.
Verseau has a strategic collaboration with HK-listed 3SBio, a biotech company with biopharmaceutical franchises.
WeWork was seeking an IPO at a $47 billion valuation, now the real value should be closer to $15 billion.
The staff reductions are roughly split between UBS’s markets and investment-banking teams.
The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January.
David Thevenon, whose portfolio companies include small-business lending platform Kabbage, has resigned to pursue other opportunities.
Funding in Asia, however, stayed constant at $15 billion in each of the last two quarters.
The additional investment will come directly from the Japanese group rather than its roughly $100 billion Vision Fund.
P7 has already committed to two new investments.
The stake will be sold by an affiliate of Goldman Sachs Infrastructure Partners.
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