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WeWork still on life support, rivals say it must cut costs fast

FILE PHOTO: The WeWork logo is displayed outside of a co-working space in New York
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NEW YORK (Reuters) - SoftBank may be rescuing WeWork with a $9.5 billion (£7.38 billion) cash injection but most rivals say they believe the office space sharing company is still in critical condition.They say for Manhattan-based WeWork to survive it will need to slash costs and balance sheet risk, and it will need to do that fast without scaring off customers. In interviews, six rivals were..
Date Published: Nov 05, 2019
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