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WeWork may need a new bankruptcy loan due to slow progress on rent negotiations, according to an attorney for the company. The company's post-bankruptcy plan relies on reduced rent costs, but landlords have criticized their tactics.
WeWork will make its first U.S. bankruptcy court appearance on Wednesday, seeking to advance a restructuring proposal that could cut $3 billion in debt.
WeWork India has 50 centres, comprising around 90,000 desks, across seven cities.
WeWork, the co-working real estate giant that offered office space to start-ups and individuals, announced Monday that it has filed for bankruptcy.
WeWork, the co-working real estate giant that offered office space to start-ups and individuals, announced Monday that it has filed for bankruptcy.