Marcelo Claure said in an interview that the SoftBank-backed provider of office space had seen strong demand for its flexible workspaces since the start of the COVID-19 pandemic.
While the shift to working from home has seen a reduction in demand for office space, some companies have turned to WeWork to provide satellite offices closer to where employees live and to spread out their staff beyond their main offices, said Claure. The company has not yet reported second-quarter sales figures to its creditors, but Claure said revenue was flat during the crisis. WeWork drastically slowed its expansion last year after churning through capital.
Claure, who is credited with turning around U.S. wireless carrier Sprint and negotiating its merger with rival T-Mobile, was installed as chairman in October after WeWork co-founder Adam Neumann stepped down as chief executive. The company hired property veteran Sandeep Mathrani this year and charged him with cutting costs and putting the company on a path to profitability.
What, $2 ?
Still waiting for IPO
I’m on track to be a millionaire, I says
and I have a bridge to sell you in NY!
This hero scientist is taking a life-threatening risk to speak the truth and save the entire world from this possibly the most dangerous challenge we face in human history. Stay the course.
No fucking way
H-o-w?
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