News

Reports have indicated that WeWork is expected to layoff between 2,000 and 5,000 of its employees as it attempts to recover from its failed initial public offering.

Several coworking experts and investors have offered up their honest opinion on whether WeWork’s postponed IPO saga will have a positive or negative impact on the market.

The Workplace Futures report from Nespresso Professional has found that workspaces will see drastic changes by 2030, changing how they look and the purpose they serve.

WeWork’s postponed IPO has left it in a particularly vulnerable state as it looks to cut costs and regroup. Now, analysts wonder if the company could survive a recession.

WeWork’s first meeting since co-founder Adam Neumann was ousted as CEO revealed the intention to lay off employees, but emphasized the importance of the firm’s values.

As more coliving facilities are opening, analysts are concerned that firms are ignoring the affordability aspect and focusing on creating exclusive wealthy communities.

As coworking works its way into the mainstream and demand from corporate tenants continues to grow, landlords are starting to incorporate more of these flexible offices.

Flexible workspace provider Industrious will open a new location in Philadelphia’s Fashion District, marking its fourth workspace in partnership with REIT Macerich.

SL Green’s leasing director is unconcerned about how WeWork’s withdrawal will impact the city’s leasing sector, as the firm only takes up 1% of Manhattan’s office space.

WeWork’s failed initial public offering has left large markets, particularly central London, to figure out how the firm’s retraction will impact its market and economy.