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WeWork names Claudio Hidalgo as COO amid bankruptcy proceedings

2023-12-07

WeWork Inc, the shared office space provider, announced on Tuesday that Claudio Hidalgo, an internal appointee, has been named as the new Chief Operating Officer. Hidalgo previously held the position of COO Americas from June to November of the current year, and he served as COO Latin America from April 2020 to August 2022. He takes over the role from Anthony Yazbeck, who resigned in October.

Once regarded as the most valuable startup in the U.S., WeWork filed for bankruptcy protection last month due to its inability to generate demand for office-sharing spaces in the aftermath of the pandemic. The SoftBank-backed company aims to address over $4 billion in debt and tackle unsustainable future rent costs through its bankruptcy plan.