According to TechCrunch, WeWork chairman Marcelo Claure set out to work on a five-year turnaround plan in February 2020. Since then, the company has exited over 100 pre-open or underperforming locations, with roughly 737 open and coming soon locations as of January 2022, according to the company's website. Even though WeWork's revenue dropped from $934 million in the third quarter of 2019 to $811 million in the third quarter of 2020, its net loss dropped from $1.2 billion to $517 million during the same period.