WeWork (WE) filed for Chapter 11 bankruptcy on Monday, consenting to a restructuring agreement for its investors to pay off $4 billion in debt. The shared workspace company was hit by a massive shift in how and where office workers perform their duties from the COVID-19 pandemic and debates over work-from-home policies.
The company looks to further reduce its commercial real estate portfolio, much to the chagrin of landlords. Yahoo Finance Reporter Dani Romero joins the Live show to break down how landlords will be impacted by the Chapter 11 filing.