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Companies all over the world have readily adopted remote working arrangements in a short amount of time, and this trend is expected to last long after the pandemic.

SoftBank backed out of a $3 billion tender offer to buy back WeWork shares, which led to the coworking firm’s special committee and former CEO to sue the conglomerate.

The Occupational Safety and Health Administration has released new guidelines to prepare employers for welcoming workers back into the workplace and keeping them safe.

It is no surprise that the coworking industry is facing challenges in the midst of the pandemic, but companies seeking flexibility will help drive demand in the future.

Companies are preparing for a new normal in the wake of the coronavirus and the future of the workplace is looking increasingly more remote and flexible for many workers.

According to interior designer Sevil Peach, company headquarters and large offices are going to dwindle in size as employees opt to work from home or coworking spaces.

After lockdowns have eased up, coworking firms will need to keep their spaces sanitized and encourage distancing in order to bring members back into their workspaces.

Flexible and remote working are here to stay as companies are willing to adopt these arrangements as well as the technologies that help make this way of working possible.

Due to WeWork renegotiating leases and skipping out on rental payments, the commercial mortgage-backed securities that rely on rent from the company have been falling.

The future of work has long predicted the move to more flexible and remote work arrangements, but in the wake of the pandemic, many other changes are expected to occur.