Current:Home > NewsWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -FutureFinance
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-14 12:21:43
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! (93214)
Related
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- Judge considers Alec Baldwin's request to dismiss 'Rust' case over 'concealed' evidence
- Pregnant Margot Robbie and Husband Tom Ackerley Pack on the PDA at Wimbledon 2024
- 375-pound loggerhead sea turtle returns to Atlantic Ocean after 3 months of rehab in Florida
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Nordstrom Anniversary Sale 2024: Shop Activewear Deals from Beyond Yoga, adidas, SPANX & More
- Lakers vs. Rockets live updates: Watch Bronny James in summer league game today
- Cover star. All-Star. Superstar. A'ja Wilson needs to be an even bigger household name.
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- A county canvassing board rejected the absentee ballot of North Dakota Gov. Doug Burgum’s wife
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- 10 billion passwords have been leaked on a hacker site. Are you at risk?
- 4-year-old girl reported missing in Massachusetts found unresponsive in neighbor's pool
- First victim of 1921 Tulsa massacre of Black community is identified since graves found, mayor says
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Watch Biden's full news conference from last night defying calls for him to drop out
- Spain's Carlos Alcaraz booed for talking Euro 2024 final after Wimbledon win in London
- 5 people escape hot, acidic pond after SUV drove into inactive geyser in Yellowstone National Park
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
American tourist dead after suddenly getting sick on Sicily's Mount Etna, rescuers say
Joey Chestnut's ban takes bite out of Nathan's Hot Dog Eating Contest TV ratings
Prince Harry accepts Pat Tillman Award for Service at ESPYs despite Tillman's mother's criticism to honor him
Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
Federal judge refuses to block Biden administration rule on gun sales in Kansas, 19 other states
Paris Olympics ticket scams rise ahead of the summer games. Here's what to look out for.
Mississippi must move quickly on a court-ordered redistricting, say voting rights attorneys