No plans for WeWork to withdraw from S’pore or hive off business despite global losses

SINGAPORE – Troubled co-working giant WeWork intends to keep its 14 locations in Singapore open despite the severe financial pressure it is facing elsewhere.

The occupancy rate for the Asia-Pacific region was 83 per cent as at March 31, according to the company’s 2023 first-quarter results.The Straits Times reported in January 2020 thatand it is understood that the business remains in the black, despite overall losses of US$397 million for the company in the second quarter of 2023.

WeWork is also a tenant at two City Developments Limited properties – City House in Singapore and St Katharine Docks in London.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

straits_times /  🏆 5. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

WeWork stock plunges after company raises 'substantial doubt' about its futureThe co-working space provider warned investors that, facing losses and fleeing clients, 'substantial doubt exists about the Company’s ability to continue as a going concern,' according to its second quarter earnings report.
Baca lebih lajut »