NEW YORK – WeWork has filed for Chapter 11 bankruptcy coverage, a stunning fall for the administrative center sharing corporate once observed as a Wall Street darling that promised to upend the best way folks went to paintings around the globe.
The corporate presented few specifics in regards to the process its restructuring, however famous in its submitting that it was once asking for the facility to cancel rentals specifically places that WeWork described as in large part non-operational. All affected individuals have won complicated understand, the corporate stated in a past due Monday announcement.
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