WeWork to take drastic action to survive Covid crisis after rapid expansion

Accounts show shared-office firm hit by £234m loss in 2019, as lease obligations pile up

The shared-office company WeWork has outlined drastic steps to survive the pandemic, after aggressive expansion left it with acres of expensive office space, just as demand for communal working sank.

Accounts filed at Companies House show the UK subsidiary, WeWork International, racked up losses of £234m in 2019, after signing a flurry of new leases for buildings.

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