Tag Archives: rescue

WeWork could burn through $10 billion rescue finance in 10 months without major costs cuts – AArete

Office-share startup WeWork could blow through its near $10 billion rescue financing package from SoftBank Group Corp in about 10 months unless it quickly implements significant cost cuts, according to Loren Trimble, chief executive officer of AArete, a global consulting firm. “One thing they have to do is get more revenue out of its footprint,” said Trimble, who has combed ... Read More »