WeWork CEO says company on track to be profitable by end of 2021

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WeWork locations in China 'are back to virtually 90% of pre-COVID levels from an occupancy perspective and leasing and demand perspective,' says CEO Sandeep Mathrani.

WeWork chief executive Sandeep Mathrani said Wednesday, January 13, the coworking firm is"completely on track" to reach profitability by the 4th quarter of this year, and its office spaces in China have nearly bounced back to pre-pandemic levels.

In an interview during the Reuters Next conference, Mathrani told Reuters global industry editor Vanessa O'Connell he expects many Americans will still want to work in an office environment despite the ongoing pandemic.

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