The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.
Category: Mathrani, Sandeep
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WeWork Cites ‘Substantial Doubt’ That It Can Stay in Business
The co-working company will seek to raise capital as it searches for a chief executive. Its battered stock plunged further.
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WeWork Faces More Turmoil After Its CEO Departs
The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.
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WeWork Will Close About 40 Locations as Losses Narrow
The New York Times – Business:The co-working company said revenue rose more than 20 percent in the most recent quarter, but tempered its forecast for the full year.