NEW YORK — WeWork said Wednesday it will attempt to renegotiate nearly all of its leases and may exit some properties, an announcement coming just weeks after the workspace-sharing company sounded the alarm over its ability to remain in business.
The New York City company must reduce its operating costs — notably its current lease liabilities, which “remain too high and are dramatically out of step with current market conditions,” WeWork Interim CEO David Tolley said in a statement published on the company’s website.
