Current:Home > StocksWeWork 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:2025-04-23 01:10:10
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! (143)
Related
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Arizona closes Picacho Peak State Park after small plane crash that killed pilot
- Looking to avoid toxic 'forever' chemicals? Here's your best chance of doing so.
- 'Disappointing loss': Pakistan faces yet another embarrassing defeat in T20 World Cup
- Global Warming Set the Stage for Los Angeles Fires
- A 4th person dies of injuries in Minneapolis shooting that also killed an officer
- RFK Jr. files new petition in Nevada amid legal battle over ballot access
- Iga Swiatek routs Jasmine Paolini to win third straight French Open title
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Caitlin Clark Breaks Silence on Not Making 2024 Olympics Team
Ranking
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Caitlin Clark expected to be off star-packed USA Basketball national team Olympic roster, reports say
- Taylor Swift performs Eras Tour in Edinburgh, Scotland: 'What a way to welcome a lass.'
- Stock market today: Asian markets mixed following hotter-than-expected US jobs report
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- A last supper on death row: Should America give murderers an extravagant final meal?
- Israel says 4 hostages, including Noa Argamani, rescued in Gaza operation
- Search underway for Michael Mosley, TV presenter and doctor who is missing after going for walk in Greece
Recommendation
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
One U.S. D-Day veteran's return to Normandy: We were scared to death
Dallas coach Jason Kidd calls Jaylen Brown - not Jayson Tatum - Boston's best player
Bark Air, an airline for dogs, faces lawsuit after its maiden voyage
Former longtime South Carolina congressman John Spratt dies at 82
Shooting leaves 3 dead and 2 injured in South Dakota
FDA alert: 8 people in 4 states sickened by Diamond Shruumz Microdosing Chocolate Bars
Figure skating coach Frank Carroll, who coached Michelle Kwan and other Olympians, dies at age 85