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A comment on WeWork plans to file for bankruptcy as early as next week, source says. Parent comment

Re:WeWork plans to file for bankruptcy as early as next week... by mkwarman on Tuesday October 31, 2023 @08:47PM (#38093300)
I think it's likely they were literally referring to the economy rather than return to office, considering WeWork stands only to lose when employees work from their employer's office
[ Parent | on HN ]
Re:WeWork plans to file for bankruptcy as early as next week... by cowsandmilk on Tuesday October 31, 2023 @09:07PM (#38093426)
In their 2019 S-1, WeWork stated 40% of their memberships were from companies with over 500 employees. For many companies, moving to remote did mean terminating WeWork memberships.
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Re:WeWork plans to file for bankruptcy as early as next week... by tharkun__ on Tuesday October 31, 2023 @09:40PM (#38093657)
This is why I commented the way I did but I guess your parent found it down-vote-worthy.

One of my recent companies was one of those. A bit smaller but their entire office footprint was at WeWork offices in various places. Zero remote before Covid. Had to be in a WeWork office where they had a presence. Not even just "a" WeWork.

[ Parent | on HN ]
Re:WeWork plans to file for bankruptcy as early as next week... by mkwarman on Tuesday October 31, 2023 @10:13PM (#38093838)
> I guess your parent found it down-vote-worthy.

I didn't downvote you. I don't even have the ability to downvote on HN yet. I just interpreted the parent comment differently and thought the different perspective could help provide context. Especially since I was similarly surprised at the idea that someone would prefer mandatory return to office

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Re:WeWork plans to file for bankruptcy as early as next week... by mkwarman on Tuesday October 31, 2023 @10:08PM (#38093801)
Interesting! Thanks for educating me. I always assumed significantly more of their business was remote folks that didn't want to work from their actual home.
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Re:WeWork plans to file for bankruptcy as early as next week... by fsckboy on Tuesday October 31, 2023 @08:48PM (#38093315)
yes, I was, motivated by my extensive studies in the dismal science and finance, and my stock portfolio :)
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Re:WeWork plans to file for bankruptcy as early as next week... by tharkun__ on Tuesday October 31, 2023 @09:58PM (#38093748)
The commercial real estate portion of my portfolio agrees with you.

The person that loves not having to go to an office does not ;)

[ Parent | on HN ]