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News - Detailed News Story

WeWork expanding in S'pore despite parent firm's woes

12 Oct 2019 09:00

WeWork's newest space, which was launched yesterday, is located at MYP Centre in Battery Road, in the heart of the Central Business District. It occupies around 14 floors spanning 114,000 sq ft. The two upcoming offices are at UE Square in Clemenceau Avenue and at NTUC Income Prinsep House in Prinsep Street. PHOTO: WEWORK

By Choo Yun Ting

Co-working space operator WeWork has launched a new space in the Central Business District (CBD) and will add two more locations in Singapore by the end of the year.

It will have a total of 12 locations here by December, which will mark its two-year anniversary in the Republic.

The announcement yesterday came despite recent reports that WeWork parent The We Company is considering thousands of layoffs as part of cost-cutting measures, and that it is withdrawing its initial public offering filing with the United States Securities and Exchange Commission amid difficulties in fund-raising.

When contacted by The Straits Times, a WeWork spokesman declined to comment on staff numbers here and the amount of investment that has been made in its Singapore locations.


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Source: Straits Times
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