Posted 11/1/2023, 3:20:33 AM
WeWork Faces Bankruptcy as Debts Mount and Demand Declines
- WeWork may file for bankruptcy as early as next week according to media reports
- The office-sharing firm has agreed with creditors to temporarily postpone some debt payments
- WeWork lost nearly all its stock valuation in the past year amid leadership turmoil
- The company struggled after a failed IPO attempt in 2019 over concerns about debts and losses
- WeWork has faced challenges like weaker demand and executive departures in 2022
