Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

WeWork CEO says the company is on track to be profitable by the end of the year, despite the pandemic: 'We've seen mental health reasons for people who want to come back to work

Published by Business Insider on Thu, 14 Jan 2021


<p><img src="https://static4.businessinsider.com/image/5e41e4a82dae5c684d6cb292-2400/1- sandeep mathrani-020120-0069 1.jpg" border="0" alt="Sandeep Mathrani" data-mce-source="WeWork" data-mce-caption="Sandeep Mathrani starts at WeWork on February 18"></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><p>(Reuters) - WeWork Chief Executive Sandeep Mathrani said Wednesday the co-working firm is "completely on track" to reach profitability by the fourth quarter of this year, and its office spaces in China have nearly bounced back to pre-pandemic levels.</p><p>Mathrani took the helm at WeWork in February to turn around the company after a disastrous period in which WeWork scrapped its initial public offering, fired its founder Adam Neumann and faced bankruptcy.</p><p>In an interview during the Reuters Next conference, Mathrani told Reuters Global Industry Editor Vanessa O'Connell he expects many Americans will still want to work in an office environment despite the ongoing pandemic.</p><p>"We've seen mental health reasons for people who want to come back to work (in the office)," he said. "I'm a firm believer that the office is an important part of everyday living."</p><p>WeWork locations in China "are back to virtually 90% of pre-COVID levels from an occupancy perspective and leasing and demand perspective," Mathrani said.</p><p>He added that WeWork currently has $3 billion of liquidity on its balance sheet, which is enough to carry the company through 2022.</p><p>Mathrani said last month WeWork posted its best membership sales numbers since December 2019.</p><p>(Reporting by Sheila Dang in Dallas, Editing by Nick Zieminski and Lisa Shumaker)</p><p><a href="https://www.businessinsider.com/wework-ceo-says-company-on-track-to-be-profitable-by-end-of-year-2021-1#comments">Join the conversation about this story &#187;</a></p>
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs