WeWork missed its target for enterprise customers by more than 25% - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

'We fell short in Q4': WeWork only hit 73% of an internal enterprise growth target in 2019, leaked memo shows

Riccardo Savi/Getty Images;Bildagentur-online/Universal Images Group via Getty Images; Ruobing Su/Business Insidersimply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

The company is betting on enterprise customers – companies with more than 500 employees – as a more stable and profitable customer base than small businesses.For more stories about WeWork, click here. But the embattled office company came in under target for adding desks with big businesses last year, according to data obtained by Business Insider.

Because the company has not released its fourth-quarter financials to bondholders – last year's numbers came in late March – it's not yet possible to get a full accounting of WeWork's bottom line. But the leaked numbers, along with third-party data, provide key indicators of the company's economic picture.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nice paywall cucks

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines