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On August 8, 2023, WeWork warned that it had "substantial doubt" that it can stay in business any longer and announced that it may have to file for Chapter 11 bankruptcy protection. [162] WeWork said it would be trying to control its expenses, as well as reduce its rent and tenancy costs by restructuring and renegotiating leases with landlords.
NEW YORK (AP) — WeWork has officially emerged from bankruptcy.And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success.
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[1] [2] Publishers Weekly wrote that it was "a thrilling page-turner about the fantastic success and subsequent crash of WeWork." [ 3 ] Writing for The New Republic , J.C. Pan described it as "a definitive chronology of a company doomed not by one bad business strategy—or even Neumann’s outsize ego—but by the rot of a postrecession ...
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