Thursday, April 18, 2024
Home Finance WeWork Raises Doubt About Its Survival

WeWork Raises Doubt About Its Survival


The co-working company issued a going-concern warning because its co-working clients are canceling their memberships at a faster clip than it expected

WeWork outlined steps to improve liquidity and profitability.

Photo: Joseph Nair/Zuma Press

WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid major changes in the way people work.

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