In an effort to cut costs and remediate its underperforming locations, WeWork announced plans for headcount reductions of 300 roles globally.
Author Kelly Konya
At one stage, the company’s shares surged by over 350%, taking the company’s valuation over $4 billion on the first day of trading.
In our latest report, hot desk pricing in France’s more populous markets is shown to be generally more expensive than lesser tier cities.
Of all regions, APAC witnessed the most significant growth in square footage of 7%, moving from an average size of 7,238 to 7,755 sq. ft.
With data provided by Coworker.com, the 2022 Global Size & Capacity Report compares regions, countries, and cities by coworking space size.
The Flexi Group is expected to be headquartered in Kuala Lumpur and led by Chris Edwards, who previously served as The Hive’s COO.
Enterprises have leased 17,691 seats in coworking centers in the April-June quarter across eight major cities in India.
WeWork’s occupancy hit 72% in Q2, the highest it’s been since the pandemic began and matching the company’s pre-pandemic levels in late 2019.
The new location in Düsseldorf brings Mindspace’s portfolio in Germany to a total of 11 spaces, where occupancy rates are greater than 95%.
New research by The Instant Group shows that supply of flexible workspace in Hong Kong has increased by 6% year-on-year (2021 vs. 2020).