WeWork to continue expansion in Singapore; market profitable despite global layoffs, says MD

S'pore market 'very profitable' so firm's layoffs last year have less impact here, says MD for region

Mr Turochas Fuad at WeWork's office in Battery Road. The managing director for the region said that the regional arm intends to continue expanding into new office spaces in Singapore and the rest of South-east Asia.
Mr Turochas Fuad at WeWork's office in Battery Road. The managing director for the region said that the regional arm intends to continue expanding into new office spaces in Singapore and the rest of South-east Asia.ST PHOTO: JASON QUAH

Co-working space operator WeWork has been dogged by cash flow problems and was forced to lay off about a fifth of its workforce last year, but it remains in robust health in this region, it seems.

The layoffs - about 2,400 workers were affected - did not heavily affect Singapore and South-east Asia, said Mr Turochas Fuad, WeWork managing director for the region.

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A version of this article appeared in the print edition of The Straits Times on January 14, 2020, with the headline 'WeWork to continue expansion in S'pore'. Print Edition | Subscribe