Troubled office-sharing firm WeWork may file for bankruptcy as early as next week, according to US media reports.
WeWork declined to comment when contacted by the BBC.
The firm was once seen as the future of the office. But it has been plagued by problems, including a disastrous attempt in 2019 to sell shares to the public and the exit of its co-founder.
The firm was once seen as the future of the office. But it has been plagued by problems, including a disastrous attempt in 2019 to sell shares to the public and the exit of its co-founder.
WeWork is considering filing for bankruptcy in New Jersey, according to the Wall Street Journal, which first reported the story.
The Reuters news agency also reported the story, citing a source familiar with the matter.
In response to the reports a WeWork spokesperson said: “We do not comment on speculation.”
Earlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.
WeWork shares fell by more than 40% in after-hours in New York trading on Tuesday.
Troubled office-sharing firm WeWork may file for bankruptcy as early as next week, according to US media reports.
The firm was once seen as the future of the office. But it has been plagued by problems, including a disastrous attempt in 2019 to sell shares to the public and the exit of its co-founder.
WeWork declined to comment when contacted by the BBC.
WeWork is considering filing for bankruptcy in New Jersey, according to the Wall Street Journal, which first reported the story.
The firm was once seen as the future of the office. But it has been plagued by problems, including a disastrous attempt in 2019 to sell shares to the public and the exit of its co-founder.
The firm was once seen as the future of the office. But it has been plagued by problems, including a disastrous attempt in 2019 to sell shares to the public and the exit of its co-founder.
WeWork is considering filing for bankruptcy in New Jersey, according to the Wall Street Journal, which first reported the story.
The Reuters news agency also reported the story, citing a source familiar with the matter.
In response to the reports a WeWork spokesperson said: “We do not comment on speculation.”
Earlier on Tuesday, the company told the US financial regulator it had agreed with creditors to temporarily postpone payments for some of its debt.
WeWork shares fell by more than 40% in after-hours in New York trading on Tuesday.
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