WeWork Done Cutting Locations, Projects $1.5B Loss In 2021
WeWork has been systematically culling its portfolio for the better part of a year, exiting and adjusting leases around the world, but the company said that process is now mostly finished.
The flexible office firm reported growing revenue for the third quarter and renewed losses as part of a financial performance update ahead of becoming a public company later this month. Since the start of 2020, WeWork has exited 150 leases and undertaken 350 lease amendments, it reported, as it tries…
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