WeWork’s new crisis: ‘Workplaces will never be the same’


A man walks into a WeWork space in the Manhattan borough of New York City, New York, U.S., October 4, 2019. REUTERS/Carlo Allegri/Files

WeWork executives used to obsess over the number of people they could pack into each of the company’s shared workspaces.

They said a more crowded office helped make the space feel active and spark collaboration when desk mates slid past each other in the hallways. The technique had an added benefit of maximising revenue from each co-working office.

It took only a few weeks and a global pandemic for that strategy to become a deterrent for customers and a major liability for a company that can’t afford further setbacks.

The vast majority of WeWork offices remain open, though with far fewer people coming in than before. Offices that have shuttered only did so when explicitly ordered by authorities or after a confirmed case of a Covid-19 infection.

Even then, locations are typically closed for an overnight cleaning and reopened the next day.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
WeWork , shared workspaces , pandemic

Next In Business News

Malaysia’s palm oil sector in advantageous position despite West Asia conflict
PTT wins RM31.7 mil construction job, bags warehouse automation deal
Affin Bank gets Bank Negara nod for RM50mil Pheim AM acquisition
Ringgit revisits 4.02 level against US dollar on easing energy supply concerns
IJM denies prior talks on Sunway offer, reiterates rejection stance
YTL Cement takes control of Cepco with RM103.8mil stake
Nextgreen secures RM50mil working capital facility from Bank Rakyat
Anwar, AIIB president discuss sustainable development agenda
Kee Ming wins RM6.7mil data centre subcontract
TSR Capital secures RM34mil flood mitigation contract

Others Also Read