WeWork’s implosion: What now for flexible working?
As office space group WeWork navigates Chapter 11 protection, rivals must also face down threats from tech and hybrid working.
With its trendy locations and offers of free beer, WeWork succeeded in making flexible office space cool. There was just one problem: the company could not make it pay.
WeWork’s slide into US bankruptcy on Monday (Tuesday AEDT), under the weight of more than $US13 billion ($20 billion) in office lease obligations, has cast a shadow over flexible workspace providers on both sides of the Atlantic and sharpened fears about financial distress for office landlords struggling with the move to working from home.
Financial Times
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