John SantoraThe CEO of WeWork revealed that the current economic uncertainty due to the customs tariff leads to an increase in the business of the space company.
What happenedSpeaking at a modern summit, Santora highlighted companies ’frequency in adhering to the long -term rental contracts amid the prevailing induction uncertainty.
During the summit, it is Duplicate Until many companies hinder their investments to assess the potential impact of definitions on their operations. This has caused WeWork an increase in the rental of existing customer accessories and the increasing attention from new companies in short -term rental options.
“So if we look at the matter and take the environment today with every case of uncertainty about the definitions and what is happening, who is ready to adhere to a contract for 10 or 15 years to spend $ 50 or 100 million dollars?” He said.
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Speaking with Bloomberg, Santora emphasized the role of WeWork in providing flexibility to her customers during these unsure times. He also suggested that the delegations of returning to the office can nourish the work of WeWork, as companies wrestle with the inability to predict the attendance of the office in the future.
“You have to think about it. You have to think about whether you are investing this main capital on the market or not, at least through this short term. He said.
Why do it matterWework is a decisive time for the company, which was published on a public basis through SPAC in 2021 and applied for bankruptcy of Chapter 11 in 2023.
The company’s ability to take advantage of the current economic uncertainty and adapt its business model to meet the changing needs of its customers is a key to its recovery and growth in the future.
However, WeWork refused more comment on this.
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