WeWork CEO on expenses: 'The bulk of the work has been accomplished'
WeWork (WE) is doubling down on its space-as-a-service business, rising 12% year-over-year in the fourth quarter. In terms of how the company is handling expenses, WeWork CEO Sandeep Mathrani told Yahoo Finance Live, "We've been very diligent over the last three years since I've been CEO."
WeWork recently announced a new series of agreements aiming to cut back on $1.5 billion in debt.
"We continue to streamline the company...it's a process that never actually ends, and it should never end. You should get more efficient over time," he adds. "The bulk of the work has been accomplished," he continues.
"Occupiers are seeking certainty in this moment in time, and we're able to provide that certainty to them," he says.
You can watch Julie Hyman, Brad Smith and Brian Sozzi's full interview with Sandeep Mathrani here.
Key Video Moments:
00:00:02 - We've been very diligent
00:00:22 - We continue to streamline the company
00:00:33 - The bulk of the work has been accomplished
00:01:18 - Occupiers are seeking certainty