SoftBank commits $1.1 billion to WeWork even as members drop

The company has been focused on whittling costs after its initial public offering was shelved last year. Its cash burn -- or free cash outflow -- was $671 million in the quarter, due to $116 million in non-recurring restructuring expenses which included severance linked to layoffs.

from Hindustan Times - business https://ift.tt/2FqvQ7A