Is this some kind of marketing flex? "We are so recognizable, we can afford drop the only thing from our name that makes it make object level sense"?
Other examples: Transferwise -> Wise (despite them still doing transfers as their main business), WeWork -> We (ok, to be fair in my experience not so much work got done there at the best of times) etc.
These things also usually completely kill SEO. Like, how am I supposed to google for the nearest coworking space? "we near me" sounds ridiculous to type into a search engine.