WeWork losses mount but sees 'seismic shift' in office leasing to its favour

WeWork losses mount but sees 'seismic shift' in office leasing to its favour

FILE PHOTO: A WeWork logo is pictured in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri

WeWork Companies LLC’s revenue declined but its cash burn slowed in the third quarter, a company memo showed on Thursday, as management expressed confidence the shared-workplace provider can weather the hit to the global office sector from COVID-19.