New York, NY — October 14, 2025 — WeWork today announced that it was recognized by the Turnaround Management Association (TMA), recognized as the 2025 Large Company Turnaround/Transaction of the Year.
The Transaction of the Year Awards recognize the most successful turnarounds and impactful transactions across the industry and are selected through a rigorous peer-review process. WeWork’s restructuring, which eliminated more than $4 billion in debt, was confirmed by the U.S. Bankruptcy Court for the District of New Jersey in May 2024, and the company successfully emerged from chapter 11 the following month.
“This recognition underscores the tremendous progress we’ve made to position WeWork for sustainable, long-term growth,” said John Santora, Chief Executive Officer of WeWork. “It is a testament to the resilience of our team, our partners, and our community, all of whom believed in WeWork’s future.”
The 2025 TMA Turnaround and Transaction of the Year Awards will be presented on October 16 at the TMA Annual Conference in New Orleans.
About WeWork
WeWork is a leading global real estate platform, purpose-built to empower businesses of all sizes with flexible workplace solutions, hospitality-driven experiences, best-in-class services, and innovative technology. With a curated portfolio of over 600 thoughtfully designed locations, spanning 45M square feet worldwide, WeWork helps more than half a million members — from emerging startups to Fortune 100 companies – perform their best work, today and tomorrow.
To learn more, visit wework.com.
About the Awards
The Turnaround Management Association (TMA), the premier nonprofit serving corporate renewal and restructuring professionals worldwide, has announced the winners of the 20253 Turnaround and Transaction of the Year Awards. The Turnaround and Transaction of the Year Awards are chosen based on a rigorous peer-review process by the volunteer TMA Awards Committee. This process includes extensive diligence of each nominated case. As the judges review all components of each entry, they look for well-defined, measurable outcomes. Since 1993, TMA has honored excellence through its annual awards program, which recognizes the most successful turnarounds and impactful transactions industry wide.
About TMA
TMA is the most diverse group of professionals in the turnaround, restructuring, and corporate health space. It is the only non-profit global organization that allows members of the industry to build their personal brand and develop their professional network. Members include turnaround specialists, attorneys, accountants, advisors, liquidators, consultants, as well as academics, government employees, and members of the judiciary. Visit https://turnaround.org/ for more information.
