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Chicago Sun-Times
Chicago Sun-Times
National
Associated Press

WeWork warns there’s ‘substantial doubt’ about its ability to stay in business

This Oct. 15, 2019 file photo shows a WeWork logo at the entrance to one of their office spaces in the SoHo neighborhood of New York. (Mary Altaffer/AP)

NEW YORK — WeWork is warning there’s “substantial doubt” about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.

The New York-based workspace-sharing company said Tuesday that its ability to stay in operation is contingent upon improving its liquidity and profitability over the next 12 months. The company has nine locations in Chicago, according to its website.

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