2023

In April 2023, it was reported that WeWork faced delisting on the New York Stock Exchange as its stock price had fallen below a $1.00 threshold. The company was valued at $360.9 million, down from its $47 billion valuation in 2019.[8]

On August 8, 2023, WeWork warned that it has 'substantial doubt' that it can stay in business for any longer, and announced that it may have to file for Chapter 11 bankruptcy protection.[155] 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. The company also said it would attempt to retain current occupants of its workspaces and try to raise money by selling some assets. The company made a net loss of $397M (£311M) between April and June of 2023, though this was an improvement of $238m compared with the same period a year earlier. [156]

On August 24, 2023, a group of investment management companies which lent cash to WeWork announced that they were exploring options to save the company, including a potential Chapter 11 bankruptcy reorganization. The group includes three companies, BlackRock, King Street Capital Management, and Brigade Capital. After the announcement, WeWork's stock rose approximately 12% at 13 cents in an afternoon trade.[157]