WeWork Survived Bankruptcy. Now It Has to Make Coworking Pay Off

Following a final hearing on its bankruptcy plan Thursday morning, the coworking pioneer will have fewer locations, a new influx of capital, and 4 billion in debt wiped from its books. In a packed courtroom in Newark, New Jersey, Judge John Sherwood approved WeWork's restructuring plan. WeWork expects to finally exit bankruptcy in mid-June. The plan also staved off a bid by WeWork's controversial founder Adam Neumann, who had sought to buy back the company he founded before he was infamously ousted. WeWork's clean slate will coincide with a new era of working, one in which office workers have pushed back against returning to offices full-time.