Office-sharing startup WeWork posts smaller second-quarter loss

FAN Editor 3 years ago
FILE PHOTO: A man walks out of a WeWork space in the Manhattan borough of New York City
FILE PHOTO: A man walks out of a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri/File Photo

August 13, 2021

(Reuters) – Office-sharing startup WeWork reported on Friday a smaller net loss for the second quarter as companies increasingly turned to hybrid work strategies.

Net loss narrowed to $922.51 million in the quarter ended June 30 from $1.11 billion a year ago.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Subhranshu Sahu)

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