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

By :  Agencies
Update: 2023-11-07 04:06 GMT
Photo: iStock

New York, Nov 7 (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.(AP) RUP RUP

(Except for the headline, this story has not been edited by The Federal staff and is auto-published from a syndicated feed.)
Tags:    

Similar News