San Deep has lost so much money. They have about $2.1 billion in short-term debt. It's very difficult for them to raise more money in the capital markets. The situation isn't great, and it was a tough situation for their new CEO,. San Deep is really focused on cutting expenses.
Ahead of its third quarter earnings, TRD's Deconstruct chats with senior reporter Keith Larsen about where WeWork stands and how it’s going about cutting costs under CEO Sandeep Mathrani. The company faces a difficult road in its effort to bounce back from its disastrous 2019 IPO attempt and navigate a struggling office fundamentals at the same time.