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Aronzon, bankruptcy, behalf, Benchmark, bifurcation, chair, Code, composed, concession, criteria, cure, cured, Daniel, death, debtor, defease, defense, Delisting, Departure, difficulty, director, disagreement, Elizabeth, ensuing, external, feature, force, grace, Henry, Hurwitz, immaterial, independent, Insight, insolvency, instruction, jointly, Keglevic, LaPuma, Laury, lender, losing, Manual, Miller, Paul, perception, policy, Ranadiv, residual, Rollover, surrender, tactical, TDR, troubled, unwilling, vendor, VII, Vivek, VWAP, weaker
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actively, began, collectability, contingently, continuously, delivered, digitization, discipline, diversify, expand, formalize, guaranty, highest, improved, leadership, making, mitigate, notify, obligate, optimization, pursue, recapitalization, recording, repurchased, requirement, resale, response, restate, reversal, robust, rose, stage, subdivide, superseded, tender, trade, transform
Financial report summary
?Competition
CBRE Group Inc - Ordinary SharesManagement Discussion
- Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
- WeWork is the leading global flexible workspace provider, serving a membership base of businesses large and small through our network of 779 locations, including 622 Consolidated Locations (as defined in the section entitled "Key Performance Indicators"), around the world as of December 2022. With our global footprint, we have worked to establish ourselves as the preeminent brand within the space-as-a-service category by combining best-in-class locations and design with member-first hospitality and exceptional community experiences. Since new management was instituted in 2020, we immediately began to execute a strategic plan to transform our business. With a more efficient operating model and cost conscious mindset, moving forward we expect to pursue profitable growth and focus on the digitization of our real estate in order to enhance our product offerings, and expand and diversify our membership base, while continuously meeting the growing demand for flexibility.
- WeWork’s core business offering provides flexibility across space, time and cost. Whether users are looking for a dedicated desk, a private office or a fully customized floor, our members have the flexibility to choose the amount of space they need and scale with us as their businesses grow. Members also have the optionality to choose the type of membership that works for them, with a range of flexible offerings that provide access to space on a monthly subscription basis, through a multi-year membership agreement or on a pay-as-you-go basis. Additionally, a WeWork membership provides members with portability of cost, giving our members the flexibility to move part or all of an existing commitment to a new market, region or country.