WeWork is set to become a smaller—and potentially rightsized—company. Following a final hearing on its bankruptcy plan Thursday morning, the coworking pioneer will have fewer locations, a new influx of capital, and $4 billion in debt wiped from its books. In a packed courtroom in Newark, New Jersey, Judge John …
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The white colonial revival church with its high steeple adds an idyllic architectural touch to the affluent town of Huntington, a Long Island suburb of New York City. But a sign grabs the eye from the road: “Coworking space,” it says. “Kind of like a WeWork. Was a church, but …
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Adam Neumann’s bid to buy back WeWork essentially ended this week. A bankruptcy court on Monday approved a deal that gets WeWork out of debt. It could conclude its restructuring and leave bankruptcy by late May following a vote on the deal, thanks to $450 million in financing provided largely …
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WeWork has filed for bankruptcy. The move comes as the company is squeezed by mounting debts, high interest rates, and an increasing number of people working from home. WeWork filed for Chapter 11 protections, the company announced Monday night. The process allows a company to continue operating as it reorganizes. …
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