WeWork files for bankruptcy in the United States

flickr image CC credit: ajay_suresh
Global flexible workspace provider, WeWork, and certain of its entities have filed for protection under Chapter 11 of the US Bankruptcy Code, and intend to file recognition proceedings in Canada under Part IV of the Companies’ Creditors Arrangement Act, as it battles with empty offices and huge debts as a result of changing work behaviours brought on by the pandemic.The proceedings do not affect WeWork’s locations outside of the United States or Ca