WeWork reports over $2 bln quarterly loss

Wework

20/05/2021 22:46

May 20 (Reuters) - Office-sharing startup WeWork on Thursday
reported a net loss of $2.06 billion for the first quarter.
    The company said it incurred restructuring costs of $494
million driven partly by a settlement with founder Adam Neumann.

 (Reporting by Uday Sampath in Bengaluru; Editing by Shailesh
Kuber)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: https://twitter.com/sampath_uday  ;))