A massive cost-cutting drive helped the company shore up its finances while the coronavirus pandemic has led to a robust demand in WeWork's flexible office space, Claure told the FT in an interview.
General view of WeWork Weihai Road flagship is seen on April 12, 2018 in Shanghai, China. World's leading co-working space company WeWork will acquire China-based rival naked Hub for 400 million U.S. dollars.
In the last several months the New York-based shared office space company, backed by Softbank, slashed more than 8,000 jobs, sold off non-core business units and terminated leases on building space in New York and Baltimore, the FT reported.
Hahahahaha
Lolz
Challenge that!!!
Yeah, right. They’re all very brave when it comes to projections.
Basically setting up for ipo and then shed their shares , retail investors will buy like crazy...and then will be left holding bag like uber... VC wins again..
😂
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