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SoftBank coming to grips with WeWork reality SoftBank said it sees a loss of around $6.6 billion for their fiscal year ended March on the portion of its WeWork investment held outside the Vision Fund.
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WeWork Troubles Take Deeper Bite Out of SoftBank TOKYO— SoftBank Group Corp. said steeper-than-expected losses on office-share firm WeWork pushed its net loss for the latest fiscal year to around ...
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WeWork Unraveling Continues With New Layoff Round WeWork laid off more workers Thursday, according to three former employees and a person close to the business, the latest in a series of hits for the ...
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WeWork is rolling out global layoffs over Zoom as the coworking giant struggles to cope with ... WeWork has started global layoffs as the coronavirus pandemic ravages the office industry, with sales, physical product, operations, and other groups ...
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SoftBank sees $8.4 billion net loss on WeWork writedown T) said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision ...
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SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery "Every writedown takes Wework's carrying value closer to reality. Clearly the value is zero," said Kirk Boodry, an analyst at Redex Holdings. SoftBank is ...
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WeWork, Workspace and other office firms draw up plans to make buildings ready for post-lockdown Mathieu Proust, general manager at WeWork UK & Ireland, told the Evening Standard: "As we face the new realities of a post Covid-19 world, we're ...
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UPDATE2: SoftBank Group estimates record net loss 900 bil. yen on WeWork investment ... due to larger-than-expected losses linked to its investment in the operator of U.S. workspace provider WeWork . The latest estimate is far higher than ...
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During a pandemic, some companies struggle to provide the community they promise WeWork opted to stay open despite shelter-in-place orders in cities with their largest locations, offering renters slashed rates and even incentivizing ...
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SoftBank sees $8.4 billion net loss on WeWork writedown SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held ...
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