Current：Home > MarketsWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -Wealthify
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date：2025-04-16 01:42:10
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！ (83)
Related
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Channing Tatum and Jenna Dewan's divorce nears an end after 6 years
- Appeals court hears arguments in fight between 2 tribes over Alabama casino built on ‘sacred’ land
- Judge directs NYC to develop plan for possible federal takeover of Rikers Island jail
- What do we know about the mysterious drones reported flying over New Jersey?
- Horoscopes Today, September 25, 2024
- Caitlin Clark's spectacular run comes to a close. Now, she'll take time to reflect
- No forgiveness: Family of Oklahoma man gunned down rejects death row inmate's pleas
- NCAA hits former Michigan coach Jim Harbaugh with suspension, show-cause for recruiting violations
- Chiefs' Andy Reid, Patrick Mahomes explain Travis Kelce’s slow start
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Cardi B Calls Out Estranged Husband Offset as He Accuses Her of Cheating While Pregnant
- Dancing With The Stars’ Carrie Ann Inaba Slams Anna Delvey Over “Dismissive” Exit
- Man charged with killing 13-year-old Detroit girl whose body remains missing
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- En busca de soluciones para los parques infantiles donde el calor quema
- Sen. Raphael Warnock is working on children’s book inspired by the story of Jesus feeding the 5,000
- How Mike Tyson's training videos offer clues (and mystery) to Jake Paul bout
Recommendation
Matt Damon remembers pal Robin Williams: 'He was a very deep, deep river'
'Megalopolis' review: Francis Ford Coppola's latest is too weird for words
Garland says officers’ torture of 2 Black men was betrayal of community they swore to protect
Climate change destroyed an Alaska village. Its residents are starting over in a new town
A steeplechase record at the 2024 Paris Olympics. Then a proposal. (He said yes.)
Judge orders a stop to referendum in Georgia slave descendants’ zoning battle with county officials
How Rooted Books in Nebraska is combatting book bans: 'We really, really care'
Suspect arrested after Tucson junior college student killed on the University of Arizona campus