WeWork to reduce global headcount by 300

WeWork, the New York-headquartered flexible office space provider, says portfolio optimisation and on-going streamlining are leading to a paring down of employees.

The company did not provide further details as it added full year earnings will be revealed on 16 February, though preliminary figures suggest it made a gain in revenue.

In November, it said it would exit 40 US locations. As of March 2022, it had 765 locations in 38 countries and 501,000 memberships.

Lease obligations for the still loss-making company stand at $15.57 bn (€14.37 bn) as of the end of September.



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