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I think it's likely they were literally referring to the economy rather than return to office, considering WeWork stands only to lose when employees work from t
by mkwarman 3y ago
I think it's likely they were literally referring to the economy rather than return to office, considering WeWork stands only to lose when employees work from their employer's office
- fsckboy 3y agoyes, I was, motivated by my extensive studies in the dismal science and finance, and my stock portfolio :)
- tharkun__ 3y agoThe commercial real estate portion of my portfolio agrees with you. The person that loves not having to go to an office does not ;)
- cowsandmilk 3y agoIn their 2019 S-1, WeWork stated 40% of their memberships were from companies with over 500 employees. For many companies, moving to remote did mean terminating WeWork memberships.
- tharkun__ 3y agoThis is why I commented the way I did but I guess your parent found it down-vote-worthy. One of my recent companies was one of those. A bit smaller but their entire office footprint was at WeWork offices in various places. Zero remote before Covid. Had to be in a WeWork office where they had a presence. Not even just "a" WeWork.
- mkwarman 3y ago> I guess your parent found it down-vote-worthy. I didn't downvote you. I don't even have the ability to downvote on HN yet. I just interpreted the parent comment differently and thought the different perspective could help provide context. Especially since I was similarly surprised at the idea that someone would prefer mandatory return to office
- mkwarman 3y agoInteresting! Thanks for educating me. I always assumed significantly more of their business was remote folks that didn't want to work from their actual home.