WeWork, the flexible office space startup, has filed for Chapter 11 bankruptcy protection in the US. The company, which was once valued at $47 billion, has listed its assets at over $15 billion. WeWork India, however, clarified that it is a separate entity from WeWork Global and the bankruptcy filing will not affect its operations. The CEO of WeWork India stated that they will continue to serve their members and partners as usual. WeWork clarified that the bankruptcy filing only applies to its locations in the US and Canada.
Read: WeWork India's statement on the company’s bankruptcy filing
WeWork, the flexible office space startup, has filed for Chapter 11 bankruptcy protection in the US. The company, which was once valued at $47 billion
WeWork, the flexible office space startup, has filed for Chapter 11 bankruptcy protection in the US. The company, which was once valued at $47 billion, has listed its assets at over $15 billion. WeWork India, however, clarified that it is a separate entity from WeWork Global and the bankruptcy filing will not affect its operations. The CEO of WeWork India stated that they will continue to serve their members and partners as usual. WeWork clarified that the bankruptcy filing only applies to its locations in the US and Canada.