Current:Home > StocksWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -Secure Growth Solutions
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-13 20:48:42
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! (995)
Related
- Rylee Arnold Shares a Long
- Cash App Founder Bob Lee Dead at 43 After Being Stabbed in San Francisco Attack
- Sarah Ferguson, Duchess of York, diagnosed with breast cancer, undergoes surgery
- Canadian wildfire maps show where fires continue to burn across Quebec, Ontario and other provinces
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Young People Are Anxious About Climate Change And Say Governments Are Failing Them
- Opinion: 150 years after the Great Chicago Fire, we're more vulnerable
- Bachelor Nation's Kaitlyn Bristowe Recalls Feeling Used Toward End of Shawn Booth Relationship
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- How Todd Chrisley's Kids Savannah, Chase and Lindsie Celebrated His Birthday Amid Prison Stay
Ranking
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Goodbye, Climate Jargon. Hello, Simplicity!
- If You’re Tired of Pulling up Your Leggings, These 14 Pairs Are Squat-Proof According to Reviewers
- Jon Stewart Makes Surprise Return to The Daily Show Nearly 8 Years After Signing Off
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- 3 Things To Know About What Scientists Say About Our Future Climate
- Climate Change In California Is Threatening The World's Top Almond Producer
- To Avoid Extreme Disasters, Most Fossil Fuels Should Stay Underground, Scientists Say
Recommendation
Arkansas State Police probe death of woman found after officer
House Intelligence chair Rep. Mike Turner says Wagner rebellion really does hurt Putin
New protections for California's aquifers are reshaping the state's Central Valley
This Last-Minute Coachella Packing Guide Has Everything You Need to Prep for Festival Weekend
Intellectuals vs. The Internet
Aerial Photos Show A Miles-Long Black Slick In Water Near A Gulf Oil Rig After Ida
Kevin Spacey called sexual bully by prosecutor in U.K. sexual assault trial
Tips For Staying Safe And Informed On The Ground In Louisiana After Ida