After years of turbulence, female-oriented coworking operator The Wing is shuttering its business.
This week, the company informed members that it would be closing down all locations effective immediately.
“The operating environment since reopening our six current locations of The Wing, 14 months ago has continued to prove extremely challenging,” the email stated.
“With the backdrop of the Covid pandemic and increasing global economic challenges, we have been unable to recover and grow the level of active membership and event activity necessary to run a financially sustainable operation.”
The closures mean that members no longer have access to any of The Wing’s locations as well, with the company claiming that it has “arranged for workspace and membership needs to be fulfilled by IWG.”
Over the last several years, The Wing has faced numerous obstacles that kept it from meeting its full potential.
In 2020, employees of color accused leaders of discrimination in the workplace, leading founder Audrey Gelman to step down from her role as CEO.
Since then, the company has gone through a slate of different leaders, multiple closures and reopenings, but appears to have become a casualty of the pandemic.