Current:Home > MyWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -ProsperityEdge
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-27 20:17:43
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! (86)
Related
- 'We're reborn!' Gazans express joy at returning home to north
- Stranded American caver arrives at base camp 2,300 feet below ground
- Morocco earthquake live updates: Aftershock rocks rescuers as death toll surpasses 2,000
- Texas surges higher and Alabama tumbles as Georgia holds No. 1 in the US LBM Coaches Poll
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Montana park partially closed as authorities search for grizzly bear that mauled hunter
- Ralph Lauren makes lavish NYFW comeback at show with JLo, Diane Keaton, Sofia Richie, more
- GOP threat to impeach a Wisconsin Supreme Court justice is driven by fear of losing legislative edge
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- See Olivia Culpo, Alix Earle and More Influencers' #OOTDs at New York Fashion Week
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Biden heads to India for G20 summit
- USA Basketball result at FIBA World Cup is disappointing but no longer a surprise
- Turkey cave rescue of American Mark Dickey like Himalayan Mountain climbing underground, friend says
- Average rate on 30
- Lauren Groff has a go bag and says so should you
- 'Great gesture' or 'these really are awful?' Readers are divided over the new Walmart cart
- 11 hurt when walkway collapses during Maine open lighthouse event
Recommendation
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
NFL Week 1 highlights: Catch up on all the big moments from Sunday's action
Ukraine: Americans back most U.S. steps for Ukraine as Republicans grow more split, CBS News poll finds
North Macedonia police say a migrant was electrocuted as he descended from freight train roof
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Hurricane Lee updates: No direct hit expected, but rip currents headed to East Coast
Chipping away at the 'epidemic of loneliness,' one new friendship at a time
Sabotage attempts reported at polling stations in occupied Ukraine as Russia holds local elections