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They’ve signed long term leases. Most of their customers can cancel on a months notice. So they will have shrinking revenue but fixed costs. You’re right that
by JOnAgain 7y ago
They’ve signed long term leases. Most of their customers can cancel on a months notice. So they will have shrinking revenue but fixed costs.
You’re right that it might reduce the cost of growth ...
- harryh 7y agoThis is addressed in the article. There are a lot of reasons to believe that in such circumstances WeWork would be able to renegotiate its leases to lower costs.