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WeWork Files For Bankruptcy, Shaking Coworking Industry

Allwork

The company reports that creditors holding 92 percent of its debt are onboard with the restructuring plan. In WeWork’s statement on the filing, WeWork Chief Executive David Tolley said, in part, “WeWork has a deliberate and value maximizing lease rejection plan that is expected to position the company for operational and financial success.

Filing 251
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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. Earlier today, WeWork announced that it had negotiated a temporary delay in payments on some of its debt with creditors, as the grace period approaches its conclusion.

Filing 162
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WeWork Squandered Past Rescue Offers

Allwork

What’s going on: WeWork’s steep downward spiral has continued as the share price is now below 20 cents, and reports from the New York Times and Business Insider indicate that the company may have squandered previously offered rescue options, leaving bankruptcy as one of the only choices left.

2019 249
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Adam Neumann’s Bold Claim: Flow is Prepared to Compete with WeWork

Allwork

Neumann stated that his new company Flow “has only two choices: compete, or partner,” with WeWork, according to Fortune. per share on Tuesday. It was previously reported by the New York Times that Neumann had approached CEO Sandeep Mathrani before Mathrani announced that he was stepping down from the company.

2019 208
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Neumann’s Flow: A $1 Billion Valued Wildcard to Watch in 2023

Allwork

The new company has been turning the heads of industry experts in the field, not only because of a reported $350 million investment that was made last year by venture capital firm Andreesen Horowitz (a16z), but also because of who is at the helm: Adam Neumann. Flow stands out with an asterisk among the growing list of new U.S.-based

2023 246
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WeWork’s Shaky Financials Spark Concern for NYC Real Estate Market

Allwork

In New York City, WeWork is one of the largest tenants, with over 70 leases spread across various landlords, according to Forbes. It’s reported that the coworking company has amended over 590 of its leases since 2019, in addition to partial terminations to reduce the company’s total lease space.

2019 203
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Ep 215: Kathleen Burns Kingsbury on Changing Your Money Mindset and Negotiating for What You Deserve

LEADERASSISTANT.COM

In this episode, Kathleen talks about working with virtual assistants, changing your mindset toward money, how to negotiate for higher pay, and tips on public speaking. LEADERSHIP QUOTE Speak your mind, even If your voice shakes. She currently teaches in the Business and Management School at Champlain College.