3 ms·
They aren't a tech company. They are an office leasing and real estate company, and have the appropriate employees for this type of business.
by tentboy 7y ago
They aren't a tech company.
They are an office leasing and real estate company, and have the appropriate employees for this type of business.
- meritt 7y ago> and have the appropriate employees for this type of business I disagree. WeWork has 836 locations and 12.5k (now 10k) employees, or ~12-15 employees per location. Regus/IWG has 3,306 locations and 9.6k employees, or ~3 employees per location. How is 4-5x the number of employees for a comparable non-tech company appropriate?
- TheCoelacanth 7y agoWeWork is trying to grow aggressively, so they probably have a shit-load of sales people.
- ghaff 7y agoYou'd have to know how the two companies split functions between employees and contractors. Though I'd not be surprised if WeWork were staffed relatively heavily. To note something random, WeWork has an (unstaffed) booth at Kubecon which suggests they do marketing activities that someone like Regus generally doesn't.
- vonmoltke 7y agoI have seen Regus people at conferences before. They may be more selective, but they do these things as well.
- onlyrealcuzzo 7y agoProbably because Regus is more interested in running a business and not advertising to potential investors how cool it is. Just my guess.
- admn2 7y agoOn top of that, Regus pays a huge portion of the employees at center hourly. I know Regus is not sexy, but they should get credit for focusing on economics that work at scale rather than just pumping up some ridiculous valuation with no chance of liquidity outside of getting bought or IPOing.
- rchaud 7y agoWeWork has a number of side businesses that have no link to their office business. Regus does not.