WeWork’s losses quadruple to $2.1bn as work from home policies halve revenue

Move to flexible working during Covid pandemic drives 30% fall in customers at office-sharing company

WeWork's losses quadrupled to $2.1bn (1.47bn) in the first quarter as the pandemic-driven move to flexible working drove a 30% plunge in customers at the troubled office-sharing company.

The company, which made a loss of $556m in the same quarter last year, was also hit by an almost $500m non-cash charge relating to a settlement with ousted co-founder Adam Neumann.