future of work - CybAI news

09 Aug

Cisco to Cut Thousands of Jobs in New Layoff Round, Reuters Says

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Cisco Systems Inc. plans to cut thousands more jobsBloomberg Terminal in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such as cybersecurity and artificial intelligence.The news comes on top of the approximately 4,000 jobs the company announced in February that it would eliminate, after a slowdown in corporate tech spending wiped out its sales growth. Source link lol

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

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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,…

Local Coworking Spaces Thrive Where WeWork Dared Not Go

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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…