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On August 8, 2023, WeWork warned that it had "substantial doubt" that it can stay in business any longer and announced that it may have to file for Chapter 11 bankruptcy protection. [162] WeWork said it would be trying to control its expenses, as well as reduce its rent and tenancy costs by restructuring and renegotiating leases with landlords.
WeWork: Or the Making and Breaking of a $47 Billion Unicorn holds a 77% approval rating on review aggregator website Rotten Tomatoes, based on 56 reviews, with a weighted average of 6.40/10. [7] The film won an News and Documentary Emmy for Outstanding Business and Economic Documentary on September 28, 2022.
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In 2010, her husband, Adam Neumann, and Miguel McKelvey co-founded WeWork. [14] In 2019 Rebekah Neumann began calling herself a cofounder of WeWork. [6] According to Vanity Fair at WeWork "she has been known to have people fired, such as a mechanic for WeWork’s Gulfstream jet, within minutes of meeting them because she didn’t like their ...
WeWork says it has so far assumed, or kept, 25 of its existing leases and saved more than $1.5 billion in rent. The company opened its Durham office in 2018 and its Raleigh site the following year.