Bookmark BankruptcyBusinessGeneral NewsNew Jersey WeWork Pursues Chapter 11 Protection, a Drastic Shift for Once-Highly Valued Company by Andrew Wright November 7, 2023 November 7, 2023 WeWork files for Chapter 11, signaling a sharp downturn from its once $50B peak, restructures debt, and reassesses leases amidst a shaky real estate market.
Bookmark BusinessGeneral News WeWork Pursues Chapter 11 Bankruptcy Amid Monumental Decline from $50 Billion Valuation by Andrew Wright November 7, 2023 November 7, 2023 WeWork files for bankruptcy, marking a sharp descent from its $50B peak, plans lease cancellations & notifies members.
Bookmark BusinessNew York CitySmall business WeWork warns there’s ‘substantial doubt’ about its ability to stay in business by Gabriel Martinez August 9, 2023 August 9, 2023 WeWork’s viability in question due to financial struggles, member turnover. Plans to cut costs, secure capital for survival.