WeWork India's Clarification After Global Unit Files For Bankruptcy
NDTV
WeWork Inc, a co-working company, was once a high-flying start-up valued at $47 billion that has struggling in the aftermath of the pandemic.
WeWork India on Tuesday said it operates independently and WeWork Global's bankruptcy filing in the US will not impact its stakeholders in India. WeWork Inc, a co-working company, was once a high-flying start-up valued at $47 billion that has struggling in the aftermath of the pandemic. WeWork India is a separate entity from WeWork Global. The recent Chapter 11 filing will not impact our members and stakeholders in India. We will continue to operate and serve our members, landlords, and partners as usual. Committed to the growth and success of our business. pic.twitter.com/92KeXB1X4I
"WeWork India is a separate entity from WeWork Global. The recent Chapter 11 filing will not impact our members and stakeholders in India. We will continue to operate and serve our members, landlords, and partners as usual. Committed to the growth and success of our business," it said in a post on X, formerly Twitter.
WeWork India said its global unit has initiated an important strategic reorganisation process in the US, along with recognition proceedings in Canada in a step towards improving its business' economics.
