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WeWork Files For Bankruptcy, Shaking Coworking Industry

Allwork

previously a coworking industry titan, has filed for bankruptcy following a long string of financial struggles. The company’s stock fell an astonishing 98 percent in 2023, requiring a reverse stock-split to retain NYSE listing as it had dipped well below $1.00 filed for Chapter 11 bankruptcy protection in the U.S.

Filing 307
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Lawsuit Filed Against Open AI Amidst Privacy Concerns

Allwork

What’s going on: OpenAI, a leading artificial intelligence (AI) company and creator of the popular Chat GPT, is facing multiple lawsuits alleging violations of privacy and copyright laws, according to DigiDay. The lawsuits, filed by Clarkson Law Firm , do not name specific plaintiffs but represent over a dozen individuals.

Filing 264
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Revlon Has Filed For Chapter 11 Bankruptcy

Allwork

The trend of companies preparing for an incoming recession in the next year continues. . This time, cosmetics beauty brand Revlon has filed for Chapter 11 bankruptcy due to growing debts, supply chain issues, and increased competition. . The post Revlon Has Filed For Chapter 11 Bankruptcy appeared first on Allwork.Space.

Filing 243
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WeWork Preparing to File for Bankruptcy Amid Massive Debt and Losses

Allwork

WeWork is reportedly preparing to file for bankruptcy as soon as the coming week, according to an insider, due to the company’s significant debt and considerable losses. The flexible workspace provider is contemplating filing a Chapter 11 petition in New Jersey, as per the WSJ’s sources.

Filing 162
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Layoffs Hit Real Estate Industry Due To Decreased Demand

Allwork

Layoffs have been sweeping the technology industry, and now the real estate world is caving too. . In filings with the U.S. Securities and Exchange Commission, real estate companies Redfin and Compass revealed that they would be laying off 8% and 10% of their staff, respectively. .

Filing 246
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Over One Year After Filing For Bankruptcy, Knotel Is Making A Comeback

Allwork

One of the more controversial flexible office operators in the industry is looking to make a comeback. . The post Over One Year After Filing For Bankruptcy, Knotel Is Making A Comeback appeared first on Allwork.Space.

Filing 130
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. Setting up employee personnel files is an important part of the recordkeeping process. Rather, understand that general personnel files serve a distinct purpose. Cover letter.

Filing 121