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WeWork to take drastic action to survive Covid crisis after rapid expansion

Accounts show office sharing firm hit by £234m loss in 2019 as lease obligations pile up * Coronavirus – latest updates * See all our coronavirus coverage The office-sharing company WeWork has outlined drastic steps to survive the pandemic, after aggressive expansion left it with acres of expensive office space just as demand for communal working dived. Accounts filed at Companies House show that the UK subsidiary, WeWork International, racked up losses of £234m in 2019, after signing a flurry of new leases for buildings. Continue reading...

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