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Flexible office firms worldwide are in the process of requesting rent relief, renegotiating leases and laying off employees as they try to cut costs amidst COVID-19.

Open office environments have become increasingly popular over the past decade, but current social distancing guidelines are forcing developers to rethink this model.

Reports have revealed that WeWork CEO Sandeep Mathrani announced even more layoffs by the end of May at a meeting this week in an effort to continue cutting its costs.

Flexible office firms have sought out relief to alleviate financial stress during COVID-19 lockdowns, but some landlords are requiring proof that they need it at all.

Although the global economy is going to take a hit due to the coronavirus, companies that survive will come out stronger and more equipped to deal with the unexpected.

In the weeks after people return to their offices, things will look much different as stricter social distancing guidelines and sanitization routines will be implemented.

The uncertainty of today’s world can be mentally damaging for those trying to adjust, so it is vital to set self-care goals and make mental health a priority right now.

Knotel CEO Amol Sarva has revealed that one-third of its members are seeking rent relief due to the coronavirus outbreak, but is hopeful about the future of the company.

WeWork has updated its marketing materials to show how it can help clients with social distancing measures as the firm attempts to stay afloat amidst this health crisis.

Disruptions in society happen more frequently than companies plan for, so it is essential for organizations to have a plan that prepares workers for remote working.