Super exciting property management company WeWork, which is the future of work because if your startup is a tenant you get all these perks like ping pong tables and video game tournaments and an espresso machine in the coffee station where you’re encouraged to synergize with other Series A unicorns in the blockchain space, filed for bankruptcy late Monday night, CNN reports.
WeWork, said to be a holistic ecosystem of a vertical encouraging data-driven engagement and thought amplification within the ideation hack sectors, had a really shitty IPO back in 2019, gave way too much to douchebag founder Adam Neumann when they fired him, and was obviously the kind of business that was going to suffer immensely during the COVID-19 pandemic and afterward.
“Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet. We remain committed to investing in our products, services, and world-class team of employees to support our community.” said WeWork CEO David Tolley in a press release, making it clear they intend to limp along to the bitter end.