Saved by Laura Pike Seeley
"No one wants a sea of desks anymore" says WeWork's global head of design
Ill-timed though it may have been, the rollout of Soho Works also positions the company well for the post-Covid era, in which remote work is expected to remain the norm, companies are shrinking their footprints, and nobody wants to spend any more time at home than is strictly necessary. Though they’re hardly the only game in town, the plummeting ca... See more
Marker • A Global Pandemic Could Be the Best Thing That Ever Happened to Soho House
sari added
When critics asked Adam how his business would fare in a recession like the one that felled Regus, his response was much the same as the one Dixon had offered without success: big companies will downsize into WeWork, while laid-off freelancers will look for something beyond a home office.
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
Instead, competition in the office world shifted to aspects that were previously overlooked or unimportant: interior design, community, social vibe, digital experience layer, sustainability, network vs. single location, symbolic value, and activism.
Dror Poleg • Dror’s Substack | Substack
sari added
Once the immediate adjustments are made, there will be winners and losers. Absent extensive bankruptcies (and missed rent payments), traditional commercial landlords may take the lightest hit as companies still need office space, but the WeWorks of the world are in for tough times as struggling startups and small businesses look for cheaper (or fre... See more
Techcrunch • Leading VCs discuss how COVID-19 is impacting real estate & proptech
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WeWork had studiously avoided taking stands that didn’t fall under the banner of the “We revolution.”
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
WeWork’s competitive advantage, it seemed, was knowing how to put on a good show.
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
“Plus, the coworking business model is shit. We didn’t see it as a viable venture-backed business. Unless you nickel-and-dime people, you’re never gonna be able to scale this.” Coworking spaces began to open all across the country: a few months before Green Desk opened, in 2008,
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
The traditional office was probably doomed anyway. Then a global shutdown changed everything we thought we knew about work, including where and when it needed to take place.
Julia Hobsbawm • The Nowhere Office
Laura Pike Seeley added