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

2025-05-06 10:06:30source:Marc Leclerccategory:Finance

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

Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'

Selena Gomez and Benny Blanco have said yes to spending "forever" together.On Wednesday night, Gomez

The View Co-Creator Bill Geddie Dead at 68

ABC is mourning the loss of a TV titan. Bill Geddie, the television and news producer best known for

Get Cozy With 60% Off Barefoot Dreams Deals: Cardigans, Blankets, Pajamas, Loungewear, and More

We independently selected these deals and products because we love them, and we think you might like