<p>The We Company, owner of WeWork, said its first-quarter free cash outflow grew 60 per cent sequentially, according to an email the company's chief financial officer sent to employees on Thursday and reviewed by Reuters.</p>.<p>The company had been incurring growing losses through last year. The email did not mention profitability, but said it had a free cash outflow of $482 million in the first quarter.</p>.<p>Chief Executive Officer Kimberly Ross said WeWork had $3.9 billion in cash and commitments as of March 2020, compared to $4.4 billion that it said it had in the last quarter.</p>
<p>The We Company, owner of WeWork, said its first-quarter free cash outflow grew 60 per cent sequentially, according to an email the company's chief financial officer sent to employees on Thursday and reviewed by Reuters.</p>.<p>The company had been incurring growing losses through last year. The email did not mention profitability, but said it had a free cash outflow of $482 million in the first quarter.</p>.<p>Chief Executive Officer Kimberly Ross said WeWork had $3.9 billion in cash and commitments as of March 2020, compared to $4.4 billion that it said it had in the last quarter.</p>