WeWork to renegotiate all global office-space leases to rein in costs


WeWork Inc., the office-sharing company that warned in August that it may not be able to stay in business, said Wednesday it is seeking to renegotiate all of its global leases as it works to rein in operating costs.

As part of the process, the company is expecting to exit “unfit and underperforming locations,” and will reinvest in its strongest assets.


This article was originally published by Marketwatch.com. Read the original article here.

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