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WeWork’s dollar bonds jumped by 6-9 points. The company had recently announced that it planned to cut about 300 roles in order to cut costs in addition to reducing its real estate footprint, amid reducing its cash burn. In November, WeWork announced its exit from 40 US locations and said it expected Q4 revenues of ~$870-890mn and a adjusted EBITDA loss of $65-85mn. The company will announce its Q4 results on February 16.