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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. In a breaking development that will send shockwaves through the coworking industry, WeWork Inc. filed for Chapter 11 bankruptcy protection in the U.S. WeWork Inc., for an extended period. on Monday.

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Revlon Has Filed For Chapter 11 Bankruptcy

Allwork

This time, cosmetics beauty brand Revlon has filed for Chapter 11 bankruptcy due to growing debts, supply chain issues, and increased competition. . The company has been a staple in the beauty industry for 90 years, making history by putting models like Iman in their campaigns.

Filing 193
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Legal Challenges Pile Up Against FTC’s New Noncompete Ban

Allwork

It’s reported that the pending legal challenges have led the Chamber to block the rule from taking effect until the outcome of its lawsuit is known. The legal challenges, filed in courts known for conservative rulings, question whether the FTC can define and ban unfair competition without explicit Congressional approval.

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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. . With the help of developer Morabito Properties, Knotel has signed a seven-year lease to take up 46,000 square feet of the Wyncatcher building, a former warehouse. .

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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.

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WeWork Files to Go Public

Small Business Labs

WeWork released its S-1 this week, which is the legal document a company files prior to going public.    WeWork going public is a bit of a watershed moment for the coworking industry. Because of this interest, the S-1 filing is getting a lot of attention. .  Tech Crunch: WeWork reveals IPO filing.

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Creditors Pressure WeWork to Evaluate Neumann’s Flow Proposal During Bankruptcy Challenges

Allwork

Additionally, court filings allege the firm has negotiated less than a third of its leases and has failed to pay over $40 million in rent — including several million dollars of April rent. based WeWork could be gearing up to sell its 27% stake in the Indian subsidiary, which is a joint-venture with Bangaluru-based Embassy Group.