IWG has reported an annual loss of over £620 million for 2020, compared to the £118.5 million profit in 2019.
The pandemic unsurprisingly led to the massive loss, but the company’s CEO Mark Dixon is anticipating a rebound in the coming months.
In fact, Dixon stated that the company signed up half a million workers in the past month, with around one million more in the pipeline.
This news follows IWG signing its biggest deal to date with Japanese company NTT, which will provide 300,000 of its employees access to the flexible workspace firm’s 3,300 work facilities worldwide.
“Something’s changing in the way people work,” said Dixon on BBC Radio 4’s Today program. “Working from home, or hybrid working which is working some of the time from home, some of the time from an office close by to your home and some of the time coming into a corporate headquarters, will become the norm for many people working for many companies.”
IWG has predicted that around 1.9 billion people will work flexibly by 2022 and that by 2030, 30% of global office space will be flexible.
