Devin Grosvenor|WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

2025-04-29 02:19:57source:Kacper Sobieskicategory:Finance

NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection,Devin Grosvenor 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:Finance

Recommend

How 23andMe's bankruptcy led to a run on the gene bank

Reporter Alexi Horowitz-Ghazi's Aunt Vovi signed up for 23andMe back in 2017, hoping to learn more a

The war between Israel and Hamas is testing the Republican Party’s isolationist shift

ROCHESTER, N.H. (AP) — Nikki Haley vowed to stand with Israel “every step of the way.” She promised

Israel warns northern Gaza residents to leave, tells U.N. 1.1 million residents should evacuate within 24 hours

Israeli military aircraft dropped thousands of leaflets on the northern Gaza Strip Friday warning re