WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

2024-12-24 02:37:43 source: category:Back

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

The company offered few specifics about the course of its restructuring, but noted in its filing that it was requesting the ability to cancel leases in particular locations that WeWork described as largely non-operational. All affected members have received advanced notice, the company said in a late Monday announcement.

More:Back

Recommend

Queen Elizabeth II's Final 5-Word Diary Entry Revealed

Queen Elizabeth II was all business in the days leading up to her death.In fact, the late monarch—wh

Susan Lucci honored, Barbara Walters remembered at 50th Daytime Emmy Awards: Watch

LOS ANGELES –"General Hospital" won six trophies, including four for acting, at the Daytime Emmy Awa

DK Metcalf's ASL teacher says Seahawks receiver brings his own flair to the language

When Darrell Utley began his first American Sign Language lesson with a new student, he didn't reali