WeWork has issued a warning about its future viability due to financial losses and the need for cash. The company stated that there is “substantial doubt” about its ability to remain in business over the next year unless it improves liquidity and profitability.  

WeWork, which leases and subdivides office spaces for subletting to small businesses and freelancers, faced setbacks after its failed attempt to go public in 2019 due to issues with its founder’s behavior and spending habits. The company plans to address member turnover rates, negotiate lease terms, control spending, and seek additional capital through debt, stock issuance, or asset sales.  

BTIG analyst Tom Catherwood downgraded the stock from Buy to Neutral, citing weaker-than-expected occupancy figures and recent executive departures. WeWork leases 6.4 million square feet across more than 70 locations in Manhattan, according to estimates from Crain’s New York Business.