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WeWork could burn through $10 billion rescue finance in 10 months without major cost cuts, experts say

October 25, 2019

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 through the company’s financial filings and estimates that WeWork spends about $1.09 for every dollar of revenue the company makes.

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