The firm plans to rid itself of $4B in debt through $450M in financing and ignores founder Adam Neumann's bid to buy back the company
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday
WeWork's United States and Canada operations lost $122M in February alone, according to bankruptcy filings
The company filed for Chapter 11 bankruptcy in New Jersey as part of a 'comprehensive reorganization' of the office space leasing giant
By WeWork's own admission, it is unlikely to last much longer. In order to survive, it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital
After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim