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WeWork Can’t Pay The Rent

WeWork Can’t Pay The Rent

WeWork has bailed on April rent on some of its locations as the beleaguered coworking space company goes into a financial spiral amid the novel coronavirus pandemic, according to a report from Bloomberg.

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

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

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 per cent of its global presence, CNBC reported Thursday. The company confirmed the news after an earlier report by the Information.