WeWork’s inevitable retreat is here

• WeWork is closing down some of its coworking spaces, including a site in London.
• The office space giant is also reportedly preparing to file for bankruptcy.
• WeWork has long faced skepticism over its business model from industry analysts. 

WeWork has started to close some of its coworking spaces as it reportedly prepares to file for bankruptcy.

The company previously said in September that it planned to renegotiate all its leases and exit any “unfit or underperforming” locations. Some of these closures are now underway.