The implosion of We is about more than bad billionaire behavior. It has exposed the innards of a deeply flawed system, one that impacts billions of people around the world.
Colorful, lush Second Home officially open in Hollywood
Report: WeWork could lay off almost half of its employees this week
WeWork, the former darling of the startup world, may be planning to lay off thousands of its workers this week, reports the New York Times.
WeWork continues to challenge the startup dream
How could the WeWork story get any more dramatic, tumultuous, and indeed negative? Cancer-causing phone booths, that's how.
WeWork’s Loss Balloons to $1.25 Billion
Office-space startup WeWork lost $1.25 billion in the third quarter as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month.
‘The Sprint Became A Marathon’: Coworking Firms Slow Growth After WeWork Meltdown
In the wake of the WeWork IPO debacle, coworking and flexible office companies have been quick to point out how different they are from the industry's elephant in the room. But they say the entire fiasco has taught them a few things, and given them some benefits, too.
After WeWork’s giant crash, what’s next for landlords?
After SoftBank Bailout, Landlords Say They're Ready If WeWork Starts Giving Back Space
WeWork may have been pulled back from the edge of insolvency by its biggest investor, but many of its landlords are still preparing for a worst-case scenario.
Real Estate Execs Bet on Coworking for Cost Reduction
Co-working investments are expected to maintain momentum over the next five years as corporate real estate executives continue to view flexible workspace as a necessary offering for their employees and crucial to operational cost reductions.
40% Of Coworking Users Would Prefer to Work from a Conventional Office, new Research Finds
A joint-research from Gensler and the British Council of Offices (BCO) on the rise of flexible workspace in the UK corporate sector has uncovered that 40% of flexible space users would rather work from a conventional office, prompting questions about the viability of the flexible space solutions as it currently stands.
Leaked transcript: Read what WeWork’s new chairman told anxious employees at an all-hands meeting
Former CEO Adam Neumann exited the firm with $1.7 billion while many employees are facing job insecurity and company equity that isn’t worth much.
Panelists Debate the Normalization of Co-Working
NAIOP panelists warn that people take for granted how operationally intensive co-working really is due to the number of support teams necessary to make the locations successful every day.
The WeWork mess, explained
From the “next Alibaba” to financial liability for SoftBank, here’s how the coworking startup got to this point.
SoftBank to Take Control of WeWork
WeWork’s Valuation Falls to $8 Billion Under SoftBank Rescue Offer
WeWork’s board is expected to meet tomorrow to weigh emergency-financing options including a takeover by SoftBank Group Corp. that would slash the co-working company’s valuation to about $8 billion and alleviate a looming cash crunch.
Report: SoftBank is taking control of WeWork at an ~$8B valuation
WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports.
Report: WeWork Could Run Out Of Money By November As JPMorgan Considers Bailout
WeWork pulls thousands of phone booths out of service over formaldehyde scare
The manufacturer of the phone booths has not yet been officially identified, but from the photos provided from WeWork they appear to have been manufactured by Studiobricks in Spain.
Once and For All, Is Flex Office Space Good for CRE?
“The short term could be a tumultuous time for flexible office space, but landlords, investors and lenders will become more educated over time,” CBRE says.