WeWork to make profits again by next year, says chairman

Its revival is down to a trimmed workforce, renegotiated leases and sale of assets. FMTNews WeWork

NEW YORK: Troubled office-sharing start-up WeWork is set to have a positive cash flow by next year, its executive chairman told the Financial Times on Sunday, hailing a turnaround for the high profile company.

Claure told the Financial Times that the New York-based company’s revival was ahead of schedule after cutting its workforce by 8,000, renegotiating leases and selling assets.

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