In an effort to cut costs and remediate its underperforming locations, WeWork announced plans for headcount reductions of 300 roles globally.
In CoworkingCafe’s annual round-up of the largest operators, the following players will be at the forefront of the U.S. market over the next 12 months.
The locations were singled out for closure because they didn’t meet the company’s design criteria, were obsolete, or were in a market with oversupply.
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 software aims to help employers reduce real estate costs while empowering employees to purposefully engage with the spaces they choose.
A wave of consolidation has begun, with industry leaders such as WeWork, IWG, and Industrious buying up smaller competitors.
Daniel Hurwitz has more than three decades of experience transforming public and private businesses in the retail real estate industry.
Coworking operators in Singapore such as WeWork and JustCo have seen a major increase in members who have over 500 full-time employees.
In its financial results for 2021’s fourth quarter and fiscal year, WeWork reported a loss that widened to over $4.4 billion.
A former WeWork team is taking another bet on coworking, and major lessor Rudin Ventures has signed on to fund the project.