Reported 7 months ago
WeWork has officially exited bankruptcy, revealing new leadership appointees as well as future plans. The company has downsized its real estate portfolio, shed over $4 billion in debt, and cut future lease obligations in half to ensure future profitability. John Santora has been named the new CEO, replacing David Tolley, amid uncertainty about the company's long-term profitability in the evolving co-working space market.
Source: YAHOO