For WeWork, Rent is More Important than Retention During Coronavirus Pandemic
At the peak of the Covid-19 pandemic, WeWork is charging full rent to its members but is seeking rent relief from its landlords. Such unforgivable behavior during the pandemic is lowering clients’ faith in WeWork’s working. With no more cash coming from Softbank and reduced consumer confidence, WeWork’s doomsday is near. WeWork became a $3…