Current:Home > reviewsWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -Quantum Capital Pro
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-24 13:14:26
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! (95)
Related
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Federal judge orders 100-year-old Illinois prison depopulated because of decrepit condition
- Texas women denied abortions for ectopic pregnancies file complaints against hospitals
- Pokémon Voice Actor Rachael Lillis Dead at 46
- Rylee Arnold Shares a Long
- NFL preseason winners, losers: Caleb Williams, rookie QBs sizzle in debuts
- Victor Wembanyama warns opponents ‘everywhere’ after gold medal loss to USA
- Marine who died trying to save crew in fiery Osprey crash to receive service’s top noncombat medal
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Texas launches new investigation into Houston’s power utility following deadly outages after Beryl
Ranking
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- Hoda Kotb Shares Reason Why She and Fiancé Joel Schiffman Broke Up
- Diaper Bag Essentials Checklist: Here Are the Must-Have Products I Can't Live Without
- Montana State University President Waded Cruzado announces retirement
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Arkansas officer fired after being caught on video beating inmate in back of patrol car
- Jordan Chiles medal inquiry: USA Gymnastics says arbitration panel won’t reconsider decision
- Injured Ferguson police officer wanted to improve department ‘from the inside,’ ex-supervisor says
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
When do Hummingbirds leave? As migrations starts, how to spot the flitting fliers
Timelapse video shows northern lights glittering from the top of New Hampshire mountain
Gilmore Girls’ Jared Padalecki Has a Surprising Reaction to Rory's Best Boyfriend Debate
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Federal prosecutors charge ex-Los Angeles County deputies in sham raid and $37M extortion
Meet Grant Ellis: Get to Know the New Bachelor From Jenn Tran’s Season
Arizona tribe wants feds to replace electrical transmission line after a 21-hour power outage