WeWork Skips Paying Some April Rent, Seeks Landlord Relief
- Co-working giant is seeking to reduce its liabilities
- Company ‘believes in the long-term prospects of our locations’
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WeWork hasn’t paid April rent for some locations and is approaching landlords regarding rent abatements, revenue-sharing agreements and other lease amendments as it seeks to trim liabilities, according to people with knowledge of the matter.
WeWork has paid this month’s rent for other locations, said one of the people, who asked not to be identified because the matter is private.