India’s co-working and managed office space segment is having a breakout moment. Once tailored to startups and freelancers, flexible workspaces are now being embraced by enterprises and hybrid teams, ...

Shares of WeWork Inc. plummeted after hours on Tuesday after the once-hot co-working space provider reportedly planned to file for bankruptcy.

Office-sharing company WeWork Inc. filed for chapter 11 bankruptcy protection on New Jersey on Monday, after a decade of financial turmoil and four years since it was valued at $47 billion valuation.