WeWork chairman says positive cash flow due in 2021

WeWork chairman says positive cash flow due in 2021

WeWork chairman Marcelo Claure said in an interview that the company is set to see positive cash flow and profits in 2021, a year ahead of schedule. Claure said this is possible due to a massive cost-cutting drive. In the last few months, the company slashed more than 8,000 jobs, sold off non-core business units and terminated leases on building space in New York and Baltimore.

Timothy
Timothy
Top in Tech
Get the App