About a month ago, WeWork announced it would cut back about 7% of its workforce, claiming however that funds were not a motivator behind the decision. Recent leaked documents to Bloomberg prove the company is making cuts on its staff, its spendings, and its projections.

According to the leaked documents and videos, WeWork’s forecast for the year isn’t as bright as it was only a few months ago. Their internal financial review for the month of April showed that they slashed their 2016 profit forecast by 78%, their revenue estimate by 14%, and reported a 63% surge in negative cash flow.

Bloomberg cites that “the lower revenue projection was due to building openings that were delayed, some by more than six months.” And added that the review also showed “higher spending on construction and lower-than-expected remodeling subsidies from landlords, particularly outside the U.S.”

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In a nondescript building in New York’s Chelsea neighborhood, the global headquarters of WeWork buzzes with creative energy. In just a little over six years, the start-up at the forefront of the coworking-space rental boom has created a $16 billion operation with 50,000 members in 28 cities, with 96 locations announced for this year.

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In France, we might have been the first to behead a King and hold a revolution, or to stand on barricades and die for ideals of justice and equality, but when it comes to change – especially in large organisations– we always seem to lag behind. You could blame it on a number of factors: a cultural bias towards tradition, the legacy of an interventionist and ever-present state, spawning bureaucratic models of large state-owned corporations, the everlasting grasp of the elites stifling innovation and the ability to “think outside the box”… Whatever this may be, the debate around remote working – a type of work organisation which allows employees to work regularly away from the office – in France has always been articulated around the preconception that France was behind. And that while its Anglo-Saxon or Nordic European neighbours displayed a boastful 30 percent of the working population as remote workers, France struggled to reach a meagre 9 to 10 percent in 2010.

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CHICAGO—Serendipity Labs Coworking is ready to expand its services in the Chicago region, company officials tell GlobeSt.com. The New York-based firm opened a two-floor co-working and conference center at One South Wacker in Chicago’s CBD less than two years ago, and has just forged an exclusive franchise agreement to develop new sites throughout the suburbs.

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When shared-office-space firm WeWork Cos. opened its first location in Manhattan in 2010, it had the market largely to itself. Today, the co-working business is mushrooming. New locations pop up seemingly weekly in old warehouses and new skyscrapers alike as small and medium-size businesses eschew coffee shops and small offices for the incubator-like workspaces where members share common spaces. In New York City, there are at least 180 co-working locations, up from about 25 in 2009, according to Newmark Grubb Knight Frank, with WeWork controlling about half the market.

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With the gig economy growing, businesses can no longer ignore their employees wants and needs. The high number of freelancers in the world is proof that workers can be successful without depending on one single company, and if employers want to keep their staff around, they’re going to have to provide what workers need, but also what they want — and professionals want a workspace that speaks to them and inspires them.

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Although co-working is a relatively new trend it’s already evolving. As larger corporations get in on the game, co-working is adapting and changing to suit different needs. In the beginning co-working spaces were about young, entrepreneurial companies needing space. They were about accommodating really lean businesses while also creating a sense of community. A few people with a great idea but no funds to set up big infrastructure could use a co-working space to get that idea off the ground.

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Coworking spaces offer members shared resources, a sense of community, a place to collaborate, and cheap office space. That, along with plenty of coffee, is all most startups need out of their workspace.

But if you're getting started in the creative community, you might need a few other resources: say, a CNC router for carving designs, a carpentry department for building theater sets, yards of fabric for upholstering event furniture, a workspace to arrange flowers, to name a few.

And this week, a coworking space with all those resources (and more) is set to open to the creative community.

Life Creative, a new coworking space out housed in event management company Event Creative's 80,000 square foot Fulton Market headquarters in Chicago, will officially open doors to members this week. The goal is to create community and collaboration, as well as help fledgling artists, engineers, and founders get access to unique industrial and education resources. 

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Turning empty offices into coworking spaces isn’t cheap: You need to pay rent and buy desks, chairs, perhaps a fancy coffeemaker for the kitchen. So while a coworking membership is often cheaper for entrepreneurs and freelancers than renting their own office, it can cost several hundred bucks a month depending on the city and how much access or privacy they want.

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With $4 million in private funding, Fuigo launched its upscale coworking space for interior designers in New York City in May.

The company was founded by Maury Riad and Mickey Riad, also owners of Fortuny — yes, that Fortuny, the famous Venetian luxury textile manufacturer. I don’t know about you, but when I hear “Fortuny”, I don’t necessarily think coworking. And yet! It’s exactly what inspired Fuigo.

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Technology and a younger workforce are spurring a revolution in office design across Asia. Traditionally a region known for conservative and conventional workspace, companies are now drawing inspiration from flexible workspaces, co-working centres and incubators to attract talent and maximise the use of often limited space.

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On a trip to Tokyo—jet-lagged and awake at 3 a.m.—Preston Pesek looked through the windows of a dark restaurant and wished he could go inside, sit down, and connect to Wi-Fi. That's when he had an epiphany: Throughout much of the day, restaurants sit empty and unused, even in overcrowded cities that desperately need more space.

"The light kind of went off," he says. "During the day, in New York City where I live, there are these amazing restaurants that are closed until 5 or 6 p.m."

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