WeWork's future in jeopardy as company faces 'substantial doubts'


Content Team
Image Credit: business insider

Workspace provider WeWork has raised "substantial doubts" about its ability to continue as a going concern, warning of a possible bankruptcy. The company's management stated that additional capital is needed to maintain liquidity over the next year. It has struggled to deal with the tech sector's troubles despite restructuring debt and operations, including cutting its debt by $1.5 billion in March.