'We will re-emerge' | WeWork, ubiquitous champion of the co-working space, files for bankruptcy

WeWork, ubiquitous champion of the co-working space, files for bankruptcy

WeWork, the co-working space giant whose meteoric rise and fall reshaped the office sector globally, had declared bankruptcy in the U.S. after its bets on companies using more of its office-sharing space soured.

As reported by Reuters, the move represents an admission that the company, which is owned by SoftBank, cannot survive unless it renegotiates its pricey leases in bankruptcy.

Continue reading for FREE!

Sign up for a myGrapevine account to get:

  • Unlimited access to News content
  • The latest Features, Columns & Opinions
  • A full range of specialist HR newsletters to choose from

Welcome Back

* By creating an account you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products. You will also be added to the HR Grapevine newsletter mailing list.