Rubypoint:WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

2025-05-02 19:14:45source:Cyprusauctioncategory:News

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection,Rubypoint 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.

More:News

Recommend

Average rate on 30

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren

A growing and aging population is forcing Texas counties to seek state EMS funding

County Commissioner Rick Bailey knows immediately when one of his Johnson County constituents has su

Georgia's humbling loss to Mississippi leads college football winners and losers for Week 11

Playing for the SEC championship, winning the SEC, even reaching the College Football Playoff: Nothi