It has also posted an impairment charge of $299 million due to letting go of some real estate. The losses incurred so far this year add to a $3.2bn loss in 2020. After the debacle of its earlier public listing plans, WeWork went into a major drive to clean up its loss-making ventures. It closed around 100 locations, pulled out of non-core ventures – including a dog walking app and a wave pool maker. WeWork's ex CEO Neumann and SoftBank reached a settlement in February after a prolonged legal battle that started in 2019.