Delta Variant Slows WeWork’s Recovery Hopes
WeWork saw a dip in revenue during the second quarter due to the increase of the Delta variant.
Because of this, the company stated that its expectations for recovery this year and 2022 have been slowed, especially in Canada and the U.S.
The coworking firm had 517,000 members during the second quarter which ended on June 30, a decrease from the 612,000 members it had during the same time one year ago.
WeWork also saw a net loss of $888.85 million in the second quarter compared to $863.83 million from the year prior.
However, WeWork is still confident that companies adopting hybrid work models will boost sales and that it anticipates its July revenue to come in at around $215 million.
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