WeWork makes it official, filing for bankruptcy protection in the US PROPERTY WeWork, the co-working giant once hailed as launching the future of the office, formally filed for Chapter 11 bankruptcy in the US last night.
WeWork: Is it nearly the end for the ‘future of work’ office firm? PROPERTY WeWork, the office leasing company, is headed for Chapter 11 bankruptcy protection, according to a number of reports in the US overnight. The firm has been battling a substantial debt pile for years and earlier this year flagged ongoing concerns and worries to investors. Bankruptcy protection in the US would give the firm, which once [...]
Workspace CEO: Wework’s demise will ‘benefit’ us Workspace The chief executive of Workspace has said that the demise of rival Wework will “definitely give the company some benefit.”
As Wework’s troubles continue, the company’s competitors are taking advantage March 5, 2024 Troubled Wework is continuing to scale back its offices in London following the filing of bankruptcy in its home market of the US.
Mark Kleinman: WeWork’s decline foretells trouble in the property market November 9, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
New flexible office space coming to Liverpool Street after Wework’s bankruptcy November 28, 2023 The site was designed by architects at dMFK, and is part of British Land’s 32-acre Broadgate site, which hosts top financial, legal, tech and media firms, as well as well-known retailers.
How I built one of Wework’s UK competitors — using a little bit of colour March 26, 2024 Gabriela Hersham had to borrow a man to raise capital for her business. Ten sites later, she's not looking back.
Keeping loss-making giants like WeWork flush with VC cash is killing competition August 14, 2023 WeWork hasn't had to turn a profit because an endless amount of venture capital cash has allowed them to challenge all other workspaces, writes Jordan Greenaway.
WeWork: Flexible office space giant raises ‘substantial doubt’ over its future August 9, 2023 We Work has suffered a sharp fall in its share price after raising "substantial doubt" over its future.
WeWork cuts office space in a bid to save cash November 10, 2022 WeWork has announced it would be closing some of its US offices in a bid to save costs and boost profitability. Announcing its third quarter results, the flexible office space said it would be shutting about 40 “underperforming” offices in the US, comprising of approximately 41,000 workstations. WeWork said that although these closures are expected [...]