Current:Home > reviewsWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -TradeBridge
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
SignalHub View
Date:2025-04-08 01:47:54
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.
veryGood! (2)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Charmed's Holly Marie Combs Reveals Shannen Doherty Promised to Haunt Her After Death
- Wildfires: 1 home burned as flames descends on a Southern California neighborhood
- CrowdStrike says more machines fixed as customers, regulators await details on what caused meltdown
- 'We're reborn!' Gazans express joy at returning home to north
- Ryan Reynolds Jokes Babysitter Taylor Swift Is Costing Him a Fortune
- 3 'missing' people found safe, were never in car when it was submerged off Texas pier, police say
- Miss Kansas Alexis Smith, domestic abuse survivor, shares story behind viral video
- Sonya Massey's father decries possible release of former deputy charged with her death
- FACT FOCUS: A look at false claims around Kamala Harris and her campaign for the White House
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Trump says he thinks Harris is no better than Biden in 2024 matchup
- Nashville-area GOP House race and Senate primaries top Tennessee’s primary ballot
- Utah wildfire prompts mandatory evacuations
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- 'This can't be real': He left his daughter alone in a hot car for hours. She died.
- Who could replace Joe Biden as the 2024 Democratic nominee?
- LeBron James selected as Team USA male flagbearer for Paris Olympics opening ceremony
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Biden’s decision to drop out leaves Democrats across the country relieved and looking toward future
Sam Smith Shares They Were Unable to Walk After Skiing Accident
Trump, JD Vance, Republican lawmakers react to Biden's decision to drop out of presidential race
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Charmed's Holly Marie Combs Reveals Shannen Doherty Promised to Haunt Her After Death
Thom Brennaman lost job after using gay slur. Does he deserve second chance?
Trump says he thinks Harris is no better than Biden in 2024 matchup