The rise and fall of coworking: Can the model survive in the future?
It seemed like a sure bet, but the bankruptcy of WeWork and the resurgence of conventional offices have slammed the breaks on its growth. Or have they?
It seemed like a sure bet, but the bankruptcy of WeWork and the resurgence of conventional offices have slammed the breaks on its growth. Or have they?
WeWork filed for bankruptcy in November, just months after sounding the alarm on its ability to stay in business
The workplace rental firm’s bankruptcy is giving investors a reality check, and prompting them to take another look at solid, credible business plans
The company is paying the price for aggressive expansion in its early years. It entered into a restructuring support agreement with the majority of its stakeholders to ‘drastically reduce’ its debt
Some media reported that the company was planning to file for bankrutpcy protection this week. Shares of WeWork, which cost more than $400 two years ago, could be had Monday for less than $1
The company must reduce its operating costs — notably its current lease liabilities, which ‘remain too high and are dramatically out of step with current market conditions,’ interim CEO David Tolley said
The value of WeWork shares have plunged since the company went public in October 2021, after a spectacular collapse during its first attempt to do so two years earlier
WeWork went public in October 2021 after a spectacular collapse during its first attempt to do so two years earlier