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Re:WeWork is planning to lay off up to 25% of its employees by itcrowd on Thursday October 03, 2019 @06:40PM (#21153010)
Running the numbers here. WeWork has 12.500 employees with 500 locations. That means on average 25 employees per location. That sounds absurd for workspace management, especially since construction / renovations / cleaning are most likely outsourced.

Let's cut them some slack and assume that half the workforce is focused on expansion (6250 employees) and that one in 25 are secretarial or HR (i.e. not related to daily operations of a workspace). That STILL means >10 workers per location full time.

No wonder the financials don't add up.

Re:WeWork is planning to lay off up to 25% of its employees by crummy on Thursday October 03, 2019 @06:50PM (#21153091)
Surely WeWork has most of their employees in just a few HQs? I'd guess they have a lot less than 25 people per WeWork coworking office.
Re:WeWork is planning to lay off up to 25% of its employees by itcrowd on Thursday October 03, 2019 @06:59PM (#21153159)
Sorry in case I wasn't clear. I meant that, on average, 25 WeWork employees manage / oversee a single WeWork location, not that they actually work in that location.
Re:WeWork is planning to lay off up to 25% of its employees by devicetray0 on Thursday October 03, 2019 @11:22PM (#21154509)
I've been to a location and it seemed more like <6. Maybe <12 if they run shifts. (I could be very wrong). The other 13 would be at the HQ, doing coding or marketing or something
Re:WeWork is planning to lay off up to 25% of its employees by fullshark on Thursday October 03, 2019 @07:44PM (#21153447)
I have no idea how many people it takes to negotiate global real estate deals, maintain locations, etc.

IWG plc which is their major competitor has 9,000 people so I'm not sure it's that crazy. Might explain why they want to trim 25% also!

https://en.wikipedia.org/wiki/IWG_plc

Re:WeWork is planning to lay off up to 25% of its employees by martinald on Thursday October 03, 2019 @08:01PM (#21153564)
IWG has ~3500 locations though, so on average say 3 people per location. WeWork has closer to 25, so basically 10x people per location managed.

IWG has a lot of franchised sites, but so does WeWork, as far as I know China + India are franchise operations or something similar.

Re:WeWork is planning to lay off up to 25% of its employees by x0x0 on Thursday October 03, 2019 @06:58PM (#21153145)
When I was in a WeWork (not a good experience fwiw; not horrific, but definitely not good), the cleaning staff seemed to be WeWork employees. Direct hires too, which I liked.
Re:WeWork is planning to lay off up to 25% of its employees by op00to on Thursday October 03, 2019 @08:41PM (#21153827)
It takes ~11 people to staff two 24/7 desks. That’s just having two people in desks 24/7. 10 workers per location isn’t too too wacky.
Re:WeWork is planning to lay off up to 25% of its employees by devicetray0 on Thursday October 03, 2019 @11:23PM (#21154516)
Are WeWork offices 24/7? I thought they were only open certain times of the day.
Re:WeWork is planning to lay off up to 25% of its employees by alephnan on Thursday October 03, 2019 @10:14PM (#21154243)
And yet, I had to call / email dozens of time to get a hold of WeLive leasing agent to rent a ~$4,000 month studio apartment
Re:WeWork is planning to lay off up to 25% of its employees by Yhippa on Thursday October 03, 2019 @06:47PM (#21153073)
What is the right number of workers per location?
Re:WeWork is planning to lay off up to 25% of its employees by itcrowd on Thursday October 03, 2019 @06:53PM (#21153110)
There's not one number, obviously. But if you look at a large hotel, maybe 10? Then again, WeWork isn't nearly as large as a large hotel and doesn't provide equivalent services. >10 on average per location (being generous!) is overkill.

(Remember, excluding cleaning staff)

Re:WeWork is planning to lay off up to 25% of its employees by eberkund on Thursday October 03, 2019 @07:24PM (#21153311)
I work in a company which rents a floor in a large downtown office tower and I think the number of people working there is less than 10 including cleaning staff. There is 1 security guard who I see around often and someone is usually in the management office and at the end of the day a pair of janitors come around.

I've also visited WeWork offices before and you're right that they have a lot of extra employees. They usually have multiple people at the front desk checking people in, then there are people who are going around to make sure the kegs are full and the shared spaces haven't detoriated into pigstys (this is different from a typical office where Janitors come around once a day or sometimes less than that).

Re:WeWork is planning to lay off up to 25% of its employees by wott on Thursday October 03, 2019 @07:20PM (#21153293)
Do not forget that you need about 5 employees to fill a single 24/24 365/365 work position. About 3 for a 2x8 position.
Re:WeWork is planning to lay off up to 25% of its employees by rosybox on Thursday October 03, 2019 @07:27PM (#21153334)
At least at my location in SF, WeWork is not open during non-business hours. You can have office access if you as a business are leasing office space, but there's nobody there.