Stay updated with breaking news from Christopher Kayes. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Over 7,500 jobs have been cut so far this year.
Corporate missteps have been on full display during a tumultuous, unprecedented year in business and work.
Yuki Iwamura/Bloomberg via Getty Images(NEW YORK) -- WeWork, the office-sharing company that experienced a dazzling rise and sudden decline that came to symbolize the excesses of business startup culture, filed for bankruptcy on Monday. In 2019, the company was valued at $47 billion. By last week, that figure had plummeted to $45 million, with shares of WeWork's stock falling more than 98% since the beginning of the year. Creditors holding 92% of the company's secured debt agreed on a restructuring plan that would include cutting back its portfolio of office leases, WeWork said in a statement...
Yuki Iwamura/Bloomberg via Getty Images(NEW YORK) -- WeWork, the office-sharing company that experienced a dazzling rise and sudden decline that came to symbolize the excesses of business startup culture, filed for bankruptcy on Monday. In 2019, the company was valued at $47 billion. By last week, that figure had plummeted to $45 million, with shares of WeWork's stock falling more than 98% since the beginning of the year. Creditors holding 92% of the company's secured debt agreed on a restructuring plan that would include cutting back its portfolio of office leases, WeWork said in a statement...
Yuki Iwamura/Bloomberg via Getty Images(NEW YORK) -- WeWork, the office-sharing company that experienced a dazzling rise and sudden decline that came to symbolize the excesses of business startup culture, filed for bankruptcy on Monday. In 2019, the company was valued at $47 billion. By last week, that figure had plummeted to $45 million, with shares of WeWork's stock falling more than 98% since the beginning of the year. Creditors holding 92% of the company's secured debt agreed on a restructuring plan that would include cutting back its portfolio of office leases, WeWork said in a statement...