7 ms·
Tangentially related I have no idea how WeWork isn't gone at this point. It's like the laws of physics are broken.
by poorjohnmacafee 5y ago
Tangentially related I have no idea how WeWork isn't gone at this point. It's like the laws of physics are broken.
- blhack 5y agoI rent an office in a competitor to wework and it's full of people.
- notsureaboutpg 5y agoThe largest competitor to WeWork (Knotel) filed for bankruptcy this year, so I wonder which you are talking about...
- fshbbdssbbgdd 5y agoI’ve heard of people going to WeWork because their employer closed the office but they don’t want to work from home.
- dheera 5y agoI could totally imagine that. Lots of people who would normally have excellent, well-lit offices, have a cramped bedroom at home due to exorbitant rent prices in the Bay Area. When companies went WFH, they didn't give any rent subsidies to people to rent out bigger apartments with proper work space.
- deleted 5y ago[deleted]
- notsureaboutpg 5y agoThe rent subsidy is called moving. My company went full WFH no more offices, sold all the offices. That's when I left the bay, moved to Tennessee and now I have more rooms than I know what to do with for less than I paid before and a higher salary (I was promoted this year)
- poorjohnmacafee 5y agoBut they aren't renting offices at multiple thousands per month. They are maybe renting cheap hot desks or doing spot booking.
- rwhitman 5y agoAmerica is in a honeymoon period with remote work. Most people do not have separate dedicated workspaces in their homes, or worse have roommates, kids etc and must make office space in the bedroom. Rolling out of bed to your desk every day will warp your psyche over time (from experience). As companies shutter the big HQ to save money on leasing empty square footage and workers disperse to distant cities, a desk in a cowork space, or even better a small private office, will become a very important need for many people. Maybe not in the form of WeWork rebounding but the conversion of office towers to cowork is almost certain to be a trend in my mind, well before conversion to residential.
- dominotw 5y agoi do this. My employer reimburses me for any coworking space.
- machinehermiter 5y agoWeWork reminds me of listening/watching Real player audio and video podcasts in 1997 on psuedo.com . It was basically a podcast channel for hip 90s NYC culture. They got the idea totally right but the timing totally wrong. Psuedo filed for bankruptcy in 2001.
- France_is_bacon 5y agoI work in an executive suite - not WeWork but a competitor of theirs. Not too many have abandoned it. There's a lot of one person offices, so mostly everyone is in their own offices with no need for masks. We've had a number of new people in the floor who rented it out because their own offices were closed, but they didn't want to work at home, so they rented out an office just for themself. It's been fantastic for me, having an office here over the last 1 1/2 years. It wouldn't work for a large company, but that's not who these executives suites like WeWork, Regus, Premier, Barristers, etc are built for. Now, WeWork may have a lot of OTHER issues, I don't know. But any issues are not because of their market niche.
- void_mint 5y agoAre you saying this because of the hilarity that is Adam Neumann, or just the concept of coworking? I think people still really enjoy coworking - it's a great idea and for lots of people is well worth the money.
- JanisL 5y agoWeWork has always been propped up by a large flow of investment money.