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WeWork Is Cutting About 7% of Staff

bloomberg.com

11–20 of 78 posts

Re: WeWork Is Cutting About 7% of Staff

#11
post #3

Not a fan of the ad block detection. I'm probably not going to click on bloomberg links any more. I already stopped clicking fortune links. I'd appreciate if there was a weight against sites that used that personally.

Sounds like you need to enable anti-anti-adblock filters in your adblocker.

Re: WeWork Is Cutting About 7% of Staff

#13
We were a bootstrapped startup for 4 years and profitable. Towards the end of our 4th year our land lord wanted to increase our rent by 20% or have us sign a 2 year lease. We were also in the process of discussing a possible acquisition with several companies and so a month to month lease in a brand new building in SF was the easiest solution. It also didn't hurt when the companies came to visit us to see us in such a nice space (they kept the office).

Is it over priced? Yes. Is it worth the flexibility for most startups, without question. +20 people i'd look elsewhere.

Re: WeWork Is Cutting About 7% of Staff

#14
post #3

Not a fan of the ad block detection. I'm probably not going to click on bloomberg links any more. I already stopped clicking fortune links. I'd appreciate if there was a weight against sites that used that personally.

You can use umatrix to block certain elements of a web page, so you can filter out the popup and the semi transparent layer.

Re: WeWork Is Cutting About 7% of Staff

#15
post #3

Not a fan of the ad block detection. I'm probably not going to click on bloomberg links any more. I already stopped clicking fortune links. I'd appreciate if there was a weight against sites that used that personally.

I don't think a single 8 second-ish pause per day is that obtrusive. You're getting decent content without paying for it in any way, after all.

Re: WeWork Is Cutting About 7% of Staff

#16
post #3

Not a fan of the ad block detection. I'm probably not going to click on bloomberg links any more. I already stopped clicking fortune links. I'd appreciate if there was a weight against sites that used that personally.

Didn't see ads or popups... I have JavaScript turned off (Chrome on Android).

Re: WeWork Is Cutting About 7% of Staff

#17
post #5
post #2

I guess I don't understand why any startup would pay 300-500/per desk. While I'm building I look to cut all expenses across the board and leave only the bare minimum required to function and create effectively. Can someone give an anecdote on when a shared workspace like this was beneficial to their startup's growth?

Some people will swear that being around other people building things has value that is hard to quantify. Someone will reply with their anecdote about how, while working in a shared workspace environment, they met someone who became instrumental to their company's success. That's what I hear every time this conversation is had. To me it sounds a bit like playing the networking lottery at a very high cost.

For me personally, I don't think it's hard to quantify at all. I'm absolutely terrible at being productive on my own, just having somebody to talk to that's working near me increases my productivity twofold.

Still, the price is really high. I certainly wouldn't be able to afford it if I was trying to bootstrap a new business.

Re: WeWork Is Cutting About 7% of Staff

#18
I'm surprised most of the comments here are on the merits of shared workspaces instead of the potential overstaffing of WeWork. They have opened a couple of campuses in Denver in the last couple of months, and i was surprised to see about a 2:1 company to WeWork staff ratio. I won't pretend to know the list of the staff's responsibilities, but i can say that often times they appear to be hanging out in the general area chatting.

As a tenant that lack of things to do is great for me. It means they can be attentive to our needs when they arise. For WeWork, i suspect it is indicative of overstaffing campuses.

Re: WeWork Is Cutting About 7% of Staff

#19
tldr

The company said it expects to lift the pause on hiring as soon as next week.

“WeWork's growth and expansion continues to accelerate and we expect to add hundreds of employees between now and the end of the year,” a company spokeswoman wrote in an e-mail. “Recent employee actions were part of the company's talent review process to ensure that we have the right teams in place that align with the company’s priorities.”

Re: WeWork Is Cutting About 7% of Staff

#20

I'm surprised most of the comments here are on the merits of shared workspaces instead of the potential overstaffing of WeWork. They have opened a couple of campuses in Denver in the last couple of months, and i was surprised to see about a 2:1 company to WeWork staff ratio. I won't pretend to know the list of the staff's responsibilities, but i can say that often times they appear to be hanging out in the general ar…

That is approximately the impression I have of the staff in the West Loop office as well. The place feels overstaffed.
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