WeWork Plans To Renegotiate Nearly All Leases To Cut Costs

WeWork aims to renegotiate its leases to reduce operating expenses and exit underperforming locations.
The company's current lease liabilities are too high and not aligned with market conditions.
WeWork is taking action on its leases to ensure long-term viability after facing bankruptcy concerns.
The company will reinvest savings from renegotiated leases into better-performing assets.
WeWork intends to remain in the majority of its buildings and markets despite financial difficulties.