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November 20, 2019

Despite beer and yoga, WeWork tenants feel unease

  • WeWork is saddled with $47.2 billion in future lease and renovation obligations.
    AP Business Writer

    NEW YORK — The kombucha and beer on tap flow freely. The milk-and-cookie happy hours, yoga sessions and waffle Mondays continue as usual.

    WeWork's stock market fiasco has yet to reverberate much for its more than 600,000 tenants, spread across a global empire of gracefully designed co-working offices. But beneath the work-and-play cheer, there's unease as WeWork embarks on a painful restructuring that will include thousands of layoffs as early as this week.

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