# The Inevitable Decline of WeWork

An episode of [Patrick Boyle On Finance](https://invisiblenetwork.ai/podcast/1547740313), 8 Oct 2023, 37 min.

Audio: https://anchor.fm/s/fc0914e0/podcast/play/92761915/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-9-8%2F387759639-44100-1-6f54e5b9cc5f1c9f.mp3

Send us a textWeWork announced this week that it would not make two sets of interest payments totaling about $95 million, a move meant to jump-start negotiations with its lenders at the same time it tries to cut costs with its landlords.The missed interest payments will spur speculation of a bankruptcy filing. But WeWork says it has the cash on hand, and the company has a 30-day grace period to make the payments, which were due Monday. At the end of June, it had $205 million in cash and acces...

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