When the BBC contacted WeWork, they declined to comment.

The company used to be thought of as the office’s future. However, it has encountered numerous issues, including the departure of its co-founder and a disastrous attempt to sell shares to the public in 2019.

The pandemic took a serious toll on the company as more employees began working from home.

WeWork is thinking about declaring bankruptcy in New Jersey, as first reported by the Wall Street Journal.

The story was also covered by the news agency Reuters, which quoted an insider with knowledge of the situation.

A WeWork representative responded to the reports by saying, “We do not comment on speculation.”

The business informed the US financial regulator earlier on Tuesday that it had concurred with