Inflation and combination work 'zoomed' need for relaxed workspace, WeWork states
September 7, 2022: -Global inflationary pressures are forcing organizations to be “nimbler” with their corporate real estate portfolios, according to WeWork.
“That has put the need for companies to look at flexibility in managing and thinking about their workspace,” said Samit Chopra, the coworking company’s international president, and COO.
“Which is, of course, driven by a revolution in the entire work culture and the hybrid work phenomenon that has taken place for the last few months.”
On Tuesday, ” Chopra said that as companies try to bring at-home employees back into the workspace, they focus on building engagement and a “collective culture.”
“That has therefore resulted in many companies, large and small, enterprise clients, freelancers, start-ups looking at the flexible space sector and companies like WeWork much more favorably than we saw in the last three years ago,” he added.
“What that has done and is it has soared the demand for flexible workspace across the world.
Last month, WeWork reported revenue growth of 37% from a year ago to $815 million for its second quarter. Its quarterly net loss also shrank 31% from a year ago to $635 million.
The business segment, comprised of large Fortune 500 and 100 companies, represents a significant portion of WeWork’s global business, said Chopra.
“Last year, the enterprise part represented more than 45% of our global business. That part of our business has grown significantly over the last 2½ years.”
Editor's Choice
Beyond the Storm: Navigating the Uncharted Waters of the Post-Pandemic Corporate Landscape
As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
Beyond the Office Walls: The Corporate Symphony of Remote Work Redefinition
In the ever-evolving symphony of corporate dynamics, a new movement has emerged, reshaping the traditional …
Beyond Ping Pong Tables: Navigating the Corporate Culture Revolution with Purpose-Driven Passion
Workplace culture has evolved beyond the superficial allure of ping-pong tables and casual Fridays in the ever-shifting landscape …
The Symphony of Silicon: How AI is Conducting a Revolution in the C-Suite
In the grand orchestration of corporate strategy, a new conductor has taken the stage, wielding algorithms instead …
Beyond Cubicles: Crafting Tomorrow’s Workplace in the Virtual Realms of the Metaverse
In the pulsating heartbeat of technological evolution, a virtual reality revolution is unfurling, beckoning us to reimagine the very essence …
Mastering the Symphony: The Art of Corporate Leadership in Cultivating Excellence
In the grand theater of corporate endeavors, where success is not merely measured in profits but in the harmonious achievements of inspired teams, what if I told you …
Consumers Sue to Block Alaska Air, Hawaiian Airlines Merger
A group of U.S. consumers filed a lawsuit in federal district court on April 16, 2024, to halt Alaska Air’s proposed $1.9 billion acquisition ….
BASF Inks 25-Year Deal with GEDI for Renewable Electricity
Chemical giant BASF (FSE: BAS) has secured a significant step towards sustainable operations at its Zhanjiang Verbund site …
Five9, Inc. (NASDAQ: FIVN) Rated “Moderate Buy” by Analysts
Five9, Inc. (NASDAQ: FIVN), a leading provider of cloud-based contact center software, has received a consensus rating of …
Mostbet Bahisçisi: En İyi Oranlar Ve Çevrimiçi Canlı Bahis Deneyim
Mostbet Bahisçisi: En İyi Oranlar Ve Çevrimiçi Canlı Bahis Deneyimi Mostbet Türkiye Çevrimiçi Kumarhane Mostbet Casino Content Mostbet Müşteri Destek Hizmeti Mostbet Kişisel Hesaba Giriş