work

30 May

WeWork Survived Bankruptcy. Now It Has to Make Coworking Pay Off

stp2y0 CommentsRAG modelsfinance, future of work, remote work, wework, work

WeWork is set to become a smaller—and potentially right-sized—company. Following a final hearing on its bankruptcy plan Thursday morning, the coworking pioneer will have fewer locations, a new influx of capital, and $4 billion in debt wiped from its books.In a packed courtroom in Newark, New Jersey, Judge John Sherwood approved WeWork’s restructuring plan. WeWork expects to finally exit bankruptcy in mid-June. The plan also staved off a bid by WeWork’s controversial founder Adam Neumann, who had sought to buy back the company he founded before he was infamously ousted.WeWork’s clean slate will coincide with a new era of working,…

23 May

Local Coworking Spaces Thrive Where WeWork Dared Not Go

stp2y0 CommentsRAG modelsfuture of work, remote work, startups, wework, work

The white colonial revival church with its high steeple adds an idyllic architectural touch to the affluent town of Huntington, a Long Island suburb of New York City. But a sign grabs the eye from the road: “Coworking space,” it says. “Kind of like a WeWork. Was a church, but not anymore.”The former church may have been leveled and replaced with condos, had Michael Hartofilis not bought it and repurposed it as a coworking venue called Main Space that opened earlier this year. What was once a sanctuary with a high ceiling has been split into two floors of coworking…