WeWork pulled its IPO in 2019 after mulling a massive valuation cut to drum up investor interest, and cofounder Adam Neumann was ousted as CEO and chairman. Real-estate veteran Sandeep Mathrani started as CEO in February. WeWork Chairman Marcelo Claure told the Financial Times earlier
this month that the company was on track to be cash-flow positive in
2021, thanks to aggressive cost cutting and a boost in demand from
companies seeking flexible office arrangements because of the pandemic.... RSK: WeWork trying to right the ship...all hands on deck! | ||
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