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WeWork Is Cutting About 7% of Staff

bloomberg.com

41–50 of 78 posts

Re: WeWork Is Cutting About 7% of Staff

#41

jeez this article and the washington post article on hiring being in a 6 yr low is really freaking me out. I'm currently in a coding boot camp while working as a waiter parttime. should I be worried?

You're totally screwed. Coding boot camps are for suckers. You won't be able to compete against the "real programmers." They'll dominate you so hard that your puppy will feel it.

Re: WeWork Is Cutting About 7% of Staff

#42

I'm a member--through the company I work for--at the WeWork on Dupont Circle in Washington DC. I've been in a lot of coworking spaces over the years and this is certainly the largest so far. My 2nd day at work I got lost trying to remember how to get back to our 6-person office. And that's just one floor, there is a whole other floor. There are a LOT of people working there. What's really surprising to see is how man…

Non-profits still bring in revenue. If they do well, they may actually turn a profit. They simply cannot distribute said profits to shareholders. Charitable giving was around $350B in 2015.

Re: WeWork Is Cutting About 7% of Staff

#43

I'm a member--through the company I work for--at the WeWork on Dupont Circle in Washington DC. I've been in a lot of coworking spaces over the years and this is certainly the largest so far. My 2nd day at work I got lost trying to remember how to get back to our 6-person office. And that's just one floor, there is a whole other floor. There are a LOT of people working there. What's really surprising to see is how man…

A lot of it might be capital outlay and flexibility: Looking around at leasing, commercial real estate often wants 6 months up front, and a five-year commitment. Saving up that cash can be tough no matter what size you are, especially if you don't know what your staffing will be like in a year or two.

Re: WeWork Is Cutting About 7% of Staff

#45
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.

How should the author of this article be compensated for writing it- if not through ads?

Did the article need to be written? Did the article need to be written by a human?

Advertising puts an upper limit on the value of content it's possible for you (or anyone) to see. With advertising, you are never shown content that is more valuable than the ads you're being sold to.

Other payment models allow you to buy more expensive content than your time is worth to advertisers.

Hence why very expensive content (like popular feature-length movies) are rarely paid entirely by advertising. Even with hundreds of product placements and an expensive ticket, movie theatres still have to overcharge for concessions to pay for the movie.

Re: WeWork Is Cutting About 7% of Staff

#46
post #24
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?

I've used a coworking space in Tokyo for approximately 2 years, including my entire tenure at Starfighter. It costs approximately $350 per month. A++ would use a coworking space again. I have visited the WeWork office that Erin and Thomas work out of in Chicago, and it is better equipped than my office and has a variety of features which make it better for doing the kind of work that I'm routinely doing, including a)…

My first experience working in shared offices was at co-working spaces in Tokyo, Yokohama, Sendai, and Sapporo. I really liked working at coworking spaces in Japan. Once I came back to US, I tried several coworking spaces including WeWork. None came close to my experience in Japan. I rather work at home in US and at coworking spaces in Japan. Japan coworking spaces are very cost effective, flexible, facilities are top notch (specially internet speed), quiet, and you can be as social as you want or not. There are no gimmicks like beer on tap but some spaces held weekend/after-hour drinking and gaming (poker). I found US coworking spaces to be noisy and interrupting. Most have tenant agreements that run long (UW startup hall took the cake with 24+ pages) and basically ask you to sign your life away to them but they don't take any responsibility for anything.

Re: WeWork Is Cutting About 7% of Staff

#47
post #10

The title of the article ironically reminds me https://upload.wikimedia.org/wikipedia/en/8/80/Labour_Isnt_W...

"The work force is disgusted downs tools and walks

Innocence is injured experience just talks

Everyone seeks damages and everyone agrees

That these are 'classic symptoms of a monetary squeeze'

On ITV and BBC they talk about the curse

Philosophy is useless theology is worse

History boils over there's an economics freeze

Sociologists invent words that mean 'Industrial Disease'"

- Dire Straits, "Industrial Disease".

Re: WeWork Is Cutting About 7% of Staff

#48

I'm a member--through the company I work for--at the WeWork on Dupont Circle in Washington DC. I've been in a lot of coworking spaces over the years and this is certainly the largest so far. My 2nd day at work I got lost trying to remember how to get back to our 6-person office. And that's just one floor, there is a whole other floor. There are a LOT of people working there. What's really surprising to see is how man…

I'm also a member through my company. We're in the Chinatown location but I relate to your post 100%. I could really care less about the free beer. Boozing during the day feels strange and they just switched it over to cold brew coffee; perhaps because of that.

I find it odd that people at the front desk just kind of hang out. I never got onboarding but was able to figure out everything on my own. Not that difficult.

I wish there were more tech meetups there. Instead I'm going all over DC/Northern Va. to random offices for those. Because of that I kind of feel disassociated from other people at WeWork. I go in, do my work in my fishbowl office of 6, and go home. Little interaction with others there.

I once went to a meetup at MakeOffices at Tyson's Corner which is a competing colocation workspace. It is a lot less "hip" but has things like open tables with seats and whiteboards everywhere which really appeals to me. We have to provide our own in Chinatown or rent a conference room using credits. Which we hesitate to do because you never know when you'll need it.

These spaces are expensive. If it were up to me I'd be working in a less "hip" but more functional space.

Re: WeWork Is Cutting About 7% of Staff

#49
I just really don't like the name of the company.

WeWork sounds so much like WeComply, or WeReEnslaved, or perhaps WeHaveNoSpine.

I'd much rather dwell 8 hours a day in a place run by a company called CompulsoryDungeon or ItinerantWarden or WeSquat or WeDetain or WeSlum. At least to dispose of the facade that people are always thinking happy thoughts about their employment situation.

Re: WeWork Is Cutting About 7% of Staff

#50
I got a WeWork tour a while back, and it seemed quite interesting, being not only what it says on the tin, a coworking space, but also a nice location to meet interesting people.

I suppose this is as good of a place to ask as any, are there any good coworking spaces in South Bay, preferably close to Cupertino?

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