Current:Home > MyWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -ValueMetric
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
Fastexy View
Date:2025-04-08 12:40:08
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! (946)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Martha Stewart Claims Ina Garten Was Unfriendly Amid Prison Sentence
- Inmates stab correctional officers at a Massachusetts prison
- 5 people perished on OceanGate's doomed Titan sub. Will we soon know why?
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Malik Willis downplays revenge game narrative for Packers vs. Titans
- Pregnant Gypsy Rose Blanchard Details “Unexpected” Symptoms of Second Trimester
- 'Golden Bachelorette' Joan met her 24 suitors in emotional premiere: Who got a rose?
- Tropical weather brings record rainfall. Experts share how to stay safe in floods.
- Asteroid to orbit Earth as 'mini-moon' for nearly 2 months: When you can see it
Ranking
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- Travis Kelce’s Jaw-Droppingly Luxe Birthday Gift to Patrick Mahomes Revealed
- Testimony begins in trial for ex-sergeant charged in killing of Virginia shoplifting suspect
- Teen left with burns after portable phone charger combusts, catches bed on fire in Massachusetts
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Inmates stab correctional officers at a Massachusetts prison
- Connecticut aquarium pays over $12K to settle beluga care investigation
- Harvey Weinstein pleads not guilty to new criminal charge in New York
Recommendation
Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
Disney Store Sale Extravaganza: Unlock Magical 40% Off Deals Starting at $17.49
Tulane’s public health school secures major gift to expand
Pregnant mom, husband who drowned while snorkeling in Maui, leave behind toddler son
Plunge Into These Olympic Artistic Swimmers’ Hair and Makeup Secrets
Ex-CIA officer gets 30 years in prison for drugging, sexually abusing dozens of women
Kentucky lawmaker recovering after driving a lawnmower into an empty swimming pool
A body is found near the site of the deadly interstate shooting in Kentucky