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Fallen WeWork star still looking for new money

2021-03-23T19:17:34.980Z


The coworking specialist took the epidemic storm head-on last year, with a loss of $ 3.2 billion. Begun before the pandemic, the revolution in the way of working in the office is underway. The model invented by WeWork when it was created in 2010, coworking, could correspond to this: offices that are flexible in their organization and the way they are rented, embellished with numerous services, in order to justify a physical presence. Still, WeWork took the full brunt of the epidemic storm last


Begun before the pandemic, the revolution in the way of working in the office is underway.

The model invented by WeWork when it was created in 2010, coworking, could correspond to this: offices that are flexible in their organization and the way they are rented, embellished with numerous services, in order to justify a physical presence.

Still, WeWork took the full brunt of the epidemic storm last year.

The economic crisis affected the self-employed and young companies which formed part of its clientele.

And many large companies, in much better financial health, have decided to cut costs related to real estate.

However, it is easier to end a service contract with WeWork than to break a long-term lease with a traditional real estate company.

The phenomenon is particularly marked in the United States, the birthplace of WeWork.

Read also:

The rout of Danke, the Chinese WeWork, causes a scandal

As a result, the coworking giant lost $ 3.2 billion in 2020, according to the

Financial Times.

The company therefore seeks

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Source: lefigaro

All business articles on 2021-03-23

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