WeWork was doomed to fail by taking on huge buildings, rival says
Read more here:
https://www.businessinsider.com/wework- ... ys-2023-11
WeWork's collapse has ended the era of enormous coworking spaces filled with amenities including climbing walls, live DJs, and swimming pools, according to the boss of one of its main rivals.
Jamie Hodari, the CEO of Industrious, another flexible-workplace company, told Insider that while many WeWork locations will simply change hands following the company's bankruptcy, the huge office blocks with luxurious amenities will become a thing of the past — and the cost of renting them likely contributed to the company's downfall.
WeWork filed for bankruptcy on Monday after years of financial problems. The company has cut locations and renegotiated leases in recent years, but still had a real-estate portfolio that spanned 777 locations as of June 30.
WeWork was doomed to fail by taking on huge buildings, rival says
Re: WeWork was doomed to fail by taking on huge buildings, rival says
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Re: WeWork was doomed to fail by taking on huge buildings, rival says
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