Current:Home > MyWeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion -Aspire Financial Strategies
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
Surpassing View
Date:2025-04-10 11:40:43
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! (4)
Related
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- The Supreme Court upholds the conviction of woman who challenged expert testimony in a drug case
- Josh Gad confirms he's making a 'Spaceballs' sequel with Mel Brooks: 'A dream come true'
- 2024 Men's College World Series championship series set: Tennessee vs. Texas A&M schedule
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- The hidden figure behind the iconic rainbow flag that symbolizes the gay rights movement
- Bob Good hopes final vote count will put him ahead of Trump-endorsed challenger
- CDK cyberattack shuts down auto dealerships across the U.S. Here's what to know.
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- What Lindsay Hubbard Did With Her 3 Wedding Dresses After Carl Radke Breakup
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Several people shot at Oakland Juneteenth celebration, police say
- Barstool Sports Founder Dave Portnoy Shares He Recently “Beat” Cancer
- Community foundation takes stock with millions in Maui Strong funds still to spend
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Climate change made spring's heat wave 35 times more likely — and hotter, study shows
- Dakota Johnson's Dress Fell Off During TV Wardrobe Malfunction
- Hall of Famer Michael Irvin says wife Sandy suffers from early onset Alzheimer’s
Recommendation
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
New York Gov. Kathy Hochul signs bill targeting addictive social media platforms: Our kids are in distress
Paris awaits for Sha’Carri, Lyles and dozens more, but Olympic spots must be earned at trials
Rivian owners are unknowingly doing a dumb thing and killing their tires. They should stop.
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Hours-long blackout affects millions in Ecuador after transmission line fails
Tyler, the Creator pulls out of 2 music festivals: Who will replace him?
North Carolina Senate gives initial approval to legalizing medical marijuana