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Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by djsavvy on Monday November 06, 2023 @10:57PM (#38173072)
As an end user, I really hope WeWork the product sticks around. It's been super helpful while traveling, and when I was more invested in spending time on side projects I seriously considered getting a WeWork membership to have access to a curated environment specifically designed for getting work done on personal time.
Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by soared on Tuesday November 07, 2023 @12:58AM (#38173721)
Try spaces/regus if wework fails - more locations, some offices are nice and hip but others are just normal office buildings. I like travelling to small towns, and seemingly everywhere has a couple regus offices.
Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by HatchedLake721 on Tuesday November 07, 2023 @04:38AM (#38174935)
I visited someone in Spaces in the UK, they didn’t have coffee or even forks.

It felt so weird after being spoiled by WeWork and left a very negative impression about Regus/Spaces.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by benjaminwootton on Tuesday November 07, 2023 @04:56AM (#38175057)
I had a baffling customer service experience with Spaces where I signed up, it took 2 months to get an access card that worked, then they claimed I’d signed up to something totally different. They would be one of the last companies on earth I’d ever sign up with again.
Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by epolanski on Tuesday November 07, 2023 @04:41AM (#38174948)
I don't understand though, finding a place to work in pretty much every city is simple and doesn't require WeWork, pretty much every city in the world, even when I was visiting smaller polish towns had at least 3/4 coworking places.

What's the WeWork moat? Because there's an insane operational costs that have to be passed down to the customer.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by keiferski on Tuesday November 07, 2023 @05:39AM (#38175314)
I have used both Regus and WeWork while traveling and compared to signing up for a local coworking space, both were a million times easier. Don’t underestimate how convenient it is to stroll into a foreign city’s WW/Regus, swipe your card, and be working two minutes later. Signing up for a local space always takes longer.
Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by epolanski on Tuesday November 07, 2023 @06:30AM (#38175611)
That doesn't seem enough of a moat.

Yes it's true that normal co-workings take a bit more, but I have never spent more than 3/4 minutes and that's not nearly enough of an annoyance to pay off for the much higher prices.

Most people just want a table, a chair and internet.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by keiferski on Tuesday November 07, 2023 @06:33AM (#38175638)
It’s as much of a moat as chain hotels have compared to local hotels. Reliability and predictability are worth paying a bit more for many people.

Personally, it was absolutely worth knowing that I’d have a clean, organized space, coffee, not need to fiddle with the Wi-Fi, not need to sign contracts in foreign languages, etc.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by epolanski on Tuesday November 07, 2023 @12:44PM (#38180089)
I think you keep stretching it.

Most coworking places are clean, organized, have snacks, do not have Wi-fi issues. Most of them also have contracts in english or don't even ask you for a contract at all.

I keep not seeing the moat. The customer you describe "picky and willing to pay double normal rates when travelling to foreign countries" is quite of a niche use case.

Most people simply find the coworking that is closest to their hotel/train station.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by keiferski on Tuesday November 07, 2023 @12:56PM (#38180317)
Yeah, I don't think you have much experience with this, and I do. Again, it's extremely convenient to know that your coworking space will be ready and waiting for you, without the need to sign contracts, input wi-fi passwords, get a tour of the building, on and on. You just walk in, scan your card, and you're go to go. The wi-fi connects automatically at every location.

It's also extremely unlikely that local coworking spaces in random countries around the world can be relied on to have robust contracts in English.

People with stuff to do don't want to waste time figuring out the nuances of a dozen different coworking spots. This is the entire use case for half of the hotel industry and why chains like Holiday Inn or Marriott exist.

Your cost argument also doesn't make much sense either, as if anything, using a service like Regus or WeWork is cheaper because you get both the travel benefits and the local space for the same price. You don't need to sign up for a separate coworking space and pay a separate fee for every place you visit. I get access to thousands of Regus locations around the world with my single flat fee.

In terms of actual monthly prices, I pay about 1/3 more than I would at a comparable local coworking space. Not double.

So yes, for a slightly larger fee (something like $150 more per month), that extra stuff is worth it.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by lazharichir on Wednesday November 08, 2023 @05:15AM (#38188549)
> Most coworking places are clean, organized, have snacks, do not have Wi-fi issues

You would think so, but this is incorrect. Every single WeWork you go to, across the globe, offers the same fantastic experience from "feel good vibes" to functional meeting rooms, wifi, and ad-hoc services.

But even if there are local gems, it becomes another chore to browse listings, read reviews, spend time deciding between Coworking Space A and B and C. With WeWork and Regus/Spaces, you save a lot of time and can just get there, and get busy.

> The customer you describe "picky and willing to pay double normal rates when travelling to foreign countries" is quite of a niche use case.

Not OP but just like luxury hotels are niche, WeWork is not your local coffeeshop and does cater to a different crowd. Whether that's profitable for them or not, looks like not for now.

Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by matwood on Tuesday November 07, 2023 @05:47AM (#38175354)
It's brand expectation. Finding X in any given city is easy, why do people go to brand Y everywhere? People like knowing what to expect, even more so in an unfamiliar place.
Re:WeWork Goes Bankrupt, Capping Co-Working Company's Downfall by lbrunson on Tuesday November 07, 2023 @04:36PM (#38183205)
There may be some places that are easier than others, but in my experience it's the consistency of knowing you'll have access to good wifi, outlets, bathrooms, and a desk which provide a moat. Otherwise it's a gamble whether the coffee-shop you stop at will have those.

Local co-working office spaces are options of course, but with WeWork's brand you already know what to expect rather than gambling on something new.