WeWork’s Reviewing 100 Leases to See Where It Can Bail

Photo: Drew Angerer (Getty)In its latest attempt to bail out its sinking ship of a company, WeWork is examining roughly 100 of its leases worldwide, which could unravel 10-15 percent of its global presence, CNBC reported Thursday. The company confirmed the news after an earlier report by the Information. While WeWork hasn’t announced exactly what…

WeWork’s Reviewing 100 Leases to See Where It Can Bail

Photo: Drew Angerer (Getty)In its latest attempt to bail out its sinking ship of a company, WeWork is examining roughly 100 of its leases worldwide, which could unravel 10-15 percent of its global presence, CNBC reported Thursday. The company confirmed the news after an earlier report by the Information. While WeWork hasn’t announced exactly what it plans to do with the 100 leases it’s reviewing, its recent financial floundering points toward the company stemming its losses by pulling out where it can. A WeWork spokesperson explained to Gizmodo that these leases are part of a larger review of the company’s global footprint. “As part of our plan to deliver profitable growth, we have said we are conducting an in-depth review of op
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