WeWork Files for Bankruptcy After Rapid Growth and Downsizing in Boston
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WeWork filed for Chapter 11 bankruptcy reorganization on Monday.
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The company was once Boston's largest office tenant but has downsized.
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WeWork grew rapidly before the pandemic but had an unsustainable business model.
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The company still has a significant footprint in Boston with 9 open locations.
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WeWork faces increased competition from vacant office space and subleases.