Whether coworking companies manage to survive the current crisis remains to be seen. But as working from home and social distancing have become the new normal in just a few months, the idea of sharing office space is looking increasingly unappealing. WeWork’s downfall is unsurprising, considering the difficulties within the business prior to COVID-19. Last month WeWork - the largest single occupier of corporate office space in London - cut over 50% of its community managers and community leads in the UK, according to sources within the firm. Now, the pandemic and subsequent lockdown has left the company with large amounts of empty space and hundreds of furloughed employees. Although coworking spaces or flexible offices are nothing new, the company focused on premium extras, such as free internet, fancy coffee and unlimited beer and wine. Even before coronavirus struck, shared-office-space provider WeWork was struggling after last year’s failed attempt to go public.
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