Thursday, 9 July 2020

Knotel’s Q2 revenue plunged 25%

Flex-office startup Knotel said its revenue plunged 25 percent during the second quarter, offering a glimpse of the economic toll the pandemic is having on the office market. CEO Amol Sarva said the preliminary numbers reflect a “really hard” quarter that forced Knotel to cut jobs and slash expenses. “What we saw in Q2 was really difficult,” he said during a webinar Thursday. “We had to make some really big changes.” According to Sarva, Knotel



source https://therealdeal.com/2020/07/09/knotels-q2-revenue-plunged-25/

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