WeWork reports over $2 billion quarterly loss

imageStock Markets1 hour ago (May 20, 2021 05:51PM ET)

(C) Reuters. FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch

(Reuters) – Office-sharing startup WeWork on Thursday reported a net loss of $2.06 billion for the first quarter.

The company said it incurred restructuring costs of $494 million driven partly by a settlement with founder Adam Neumann.

WeWork reports over $2 billion quarterly loss

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