Paywalled, what's happening with their assets? Is there a buyer?
I hope at least my local wework (in Brooklyn) doesn't get shut down! More and more people are coming in to use hot desks, though the private offices are still half empty.
intuitively, a shared office space makes sense to me. I find it really useful as a remote employee to get out of the house a couple of days a week, and for my employer it's pretty cheap and is a perk which helps them hire from all over the world, also cheaper than hiring american engineers.
Is it just a pricing issue? Hot desks are about 250 USD/month
>Except in 2018 the firm lost $1.6 billion, which is likely understated.
These are the financial facts from the article. Tell us the math of your 2023 WeWork and compare to how much their lease must be, etc.
These seem to be the latest numbers:
https://www.statista.com/chart/19025/wework-revenue-and-loss...
3.3B revenue
5.3B expenses
That's a big problem.