WeBroke! WeWork Announces Mass Lease Renegotiations While CEO Projects Optimism
Allwork
SEPTEMBER 6, 2023
Amid staggering losses, speculation of bankruptcy , and still crashing stock prices, WeWork held a brief conference call with landlords Wednesday morning to announce it will renegotiate most of its leases, as reported by The Real Deal. This move is an effort to address its high leasing costs and exit underperforming locations, globally.
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