WeWork Reportedly Looking To Back Out Of Up To 100 Leases

WeWork has entered the next phase of its cost-cutting under SoftBank Group's stewardship.

​The coworking startup is looking to back out of as many as 100 newly signed leases, which would be at least 10% of its global footprint, The Information reports. New leases were among the biggest expenditures for WeWork in the third quarter, when it reported a loss of $1.25B after its IPO saga resulted in the removal of co-founder Adam Neumann as CEO.

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