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.
Tag: Neumann, Adam
-
WeWork Has Sent a Distress Signal. Here’s What to Know.
The co-working company has declared that its ability to endure as a business is in doubt. A failure could have widespread effects.
-
Investors Expect a Fed Pause, Not an End to Rate Increases
A breather in the central bank’s anti-inflation policy is expected, but still-rising inflation has investors bracing for another raise later this year.
-
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.
-
WeWork Reaches a Debt Restructuring Deal With SoftBank
The agreement will reduce the unprofitable office space company’s debt, giving it more financial breathing room.