Current:Home > reviewsWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -ChatGPT
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
View
Date:2025-04-13 17:37:36
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! (169)
Related
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Most reports ordered by California’s Legislature this year are shown as missing
- Supreme Court allows investors’ class action to proceed against microchip company Nvidia
- 'The Voice' Season 26 finale: Coach Michael Bublé scores victory with Sofronio Vasquez
- The Super Bowl could end in a 'three
- Our 12 favorites moments of 2024
- Singaporean killed in Johor expressway crash had just paid mum a surprise visit in Genting
- Manager of pet grooming salon charged over death of corgi that fell off table
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- 'September 5' depicts shocking day when terrorism arrived at the Olympics
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Mystery drones are swarming New Jersey skies, but can you shoot them down?
- Secretly recorded videos are backbone of corruption trial for longest
- Mega Millions winning numbers for Tuesday, Dec. 10 drawing: $619 million lottery jackpot
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Biden commutes roughly 1,500 sentences and pardons 39 people in biggest single
- Luigi Mangione Case: Why McDonald's Employee Who Reported Him Might Not Get $60,000 Reward
- ParkMobile $32.8 million settlement: How to join class
Recommendation
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Netizens raise privacy concerns over Acra's Bizfile search function revealing citizens' IC numbers
US inflation likely edged up last month, though not enough to deter another Fed rate cut
Oregon lawmakers to hold special session on emergency wildfire funding
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Our 12 favorites moments of 2024
'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges