Once Valued at $47 Billion, Why WeWork is Struggling to Survive Now | Vantage with Palki Sharma

[@Firstpost]

What would you prefer? Work from office, Work from home or Hybrid. Leave a comment and let us know your thoughts

[@raj-khotmarathawarriorclan]

Work for BJP and Modi boot licker

[@avantika2338]

If I have a control to stay in the same city - I prefer hybrid with transport assistance. If the circumstances doesn't permit staying in the same city - then WFH. But no work from office without any transportation support.

[@joaquimrodrigues3869]

Work

[@ranjitgovindaraj]

Work from office

[@Nothingpersonal56]

Mindless valuation of such companies without a logic has to hit them hard! Real estate funding which came through VCs and investors was on the back of greed for high profitability and business plans based on projections and false future valuations. It’s all headed towards disaster.

[@dhirajgupta7435]

Spot on. The smart head they recruit from top management schools only have a manipulative, greedy and expansionist mindset with no sensibility and humanity. They stretch people to the point where business collapses and sets the tone for economic recession. Real estate price is the biggest reason why India's economy isn't taking off. Talented individual and small scale entrepreneurs can't afford a office space. Real estate is limited to big pocket capitalists.

[@lawrencerichards4073]

Working from home killed it.

[@abhishes]

The CEO of WeWork was a genius. just before the IPO he got himself fired for a trivial woke reason. He took in billions of dollars as severance. He left and now the company has sunk. He is enjoying and raising money for his other 2 ventures. Pure genius.

[@karna8658]

More like a thief

[@AlphaCentauri24]

Wasnt he fired because they wanted to fire him. The severance package was a total scam tough.

[@abhishes]

@@AlphaCentauri24Nah bro. he orchestrated it himself. Just before the IPO when no one knew that the business model itself is a scam. They should themselves as a "tech" company and he bailed out with billions of dollars.

[@nuhuman88]

Convert the space into hotels, restaurants, apartments, schools etc

[@aurabindaghosh4559]

Not so easy, ever heard of architecture or planning?

[@ps3301]

Like most blockchain projects, all these crappy startup were valued so highly and they are all puff

[@dayrise7211]

Work from home everybody wants that's future of working Companies like we work need to move to tier 2 cities instead having offices in Bangalore where many tech parks already empty

[@prabhakar0076]

😂😂😂 Tier 2 cities have office rent cheap. So stupid startup's like these fail instantly😂

[@amodjp]

Besides Office rent transport, facilities increase operational costs

[@srirampadmanabhan3648]

The single most cost for corporate office is the EMI they need to pay to banks, with interest rates in US soaring, office vacancies grew, which prompted the government to mandate enterprises to come back to office, so that the offices stay and EMIs can be paid. Wework cannot mandate return to office, which i guess is creating this mess. If interest rates were low, then this would not have come.

[@tejasvibangalore8787]

Good Point

[@CT-ue4kg]

Very useful and sensible overview of the situation.

[@gauravlath19]

WeWork is a classic case of reckless risk taking. Trying to sell something akin to old wine in a refreshingly new bottle & going reckless spending spree, paying no heed to revenue & bottom-line & financial viability. Losses had accumulated already n then came the global pandemic & death knell to its business.

[@GururajBN]

Yesterday's billionaires are today's paupers. Tough luck. Business environment changes so rapidly. Before you adjust your seat belt, you have landed! Probably Wework can scale down its operations rather than close down. It is still very useful for very small start ups. In Bengaluru, many start up entrepreneurs operate from coffee shops like Third Wave or Bistro. The only price is that from time to time, they have to keep ordering something to eat or drink for themselves or their visitors.

[@darlayjones669]

That's a good piece of good news 😊

[@shrikanth609]

WFH

[@Lp-ze1tg]

I heard that they might go bankrupt. It is all about selling concepts that might had not came across people's of before. Just like Instant Pot story. I remembered co-workers were crazy about Instant Pot before the pandemic. They even group purchased dozens of Instant Pots. The owner of Instant Pot though that everyone must be buying his product during the pandemic but he was wrong. His product was supposed to allowed people to prepare raw food materials in the Instant Pot then program it to cook while they are at work or in school. Meal will be ready when they are home. But the pandemic lock down totally defeated the concept of Instant Pot. People have all the time needed to stay home to cook or just buy meals delivery. Same failure can be applied to WeWork. The only difference is that it is a much larger scale.

[@007_Sun_Tzu]

One day Palki says everyone is coming back to office and WFH is ending, now she says work js flexible and ofc is empty???? I am confused

[@auro1986]

why? as revenue reached $47 billion ceo, management, and shareholders said to employees ," only i work. you don't work"

[@freedom3040]

Get a EV Vans and pick up who are working from home to We work space. Simple solution, looks like they are not having common sense people. Working in office feeds each other with more knowledge than working at home.

[@piyushbaroliya7153]

"Yeh difficult situation mein, main apne aap aage kyu aa jata hun." - Masayoshi san

[@ShadowQ8486]

This is nothing but a concept called "business centre' a decade ago.

[@majorpwner241]

Maybe people who can't come up with a better name than WeWork shouldn't be starting businesses.

[@giftofgodstarnorth6363]

Covid is the suspect, I say 😂😂😂😂

[@user-pf5xq3lq8i]

Wework - "hiding empty buildings since 2016"

[@CodingExpress]

That type of business models always fail...according to research

[@legendoctane5732]

Om

[@baddamvijay7677]

Wfh

[@skyscraperfan]

They might be renamed to "WeWorked".

[@musictorelaxandunwind]

Poor Business Model a big fat failure , long time coming .

[@jaygamilwatson8529]

Solved the homeless problem by mistake.hmm

[@yongbinsong9676]

Just a real-estate scheme.

[@kartavyamodi7921]

I think Revenue Sharing Model like REAGUS will make sense for WEWORK

[@skr1977]

Bcz we work don't hav vishwaguru Modi ji like leader.

[@lndian_Patriot]

As an member of society, I have immense respect for the Lobelia Seed rescue team. Their dedication and hard work are truly inspiring, fostering meaningful connections and hopes for the future.

[@darlayjones669]

They should rename it " Don't Work" or Won't Work". 😊

[@JoLand84]

Hybrid

[@ghosthdel3098]

I live in Chenai, here i work from home 4 days a week its amazing! I save so much money - i rather give my mney to my lazy sons and daughters who is on their phone all day than small businesses. My children new phone is more important than someone else;s electricity bills

[@JuniorKlein-t2c]

Yo I think Elon Musk should buy out the company. I believe he could turn it around.

[@FerozKhan-zt5ob]

dear pakli sharma thousand of idian women's working in dubai naif road Red street only one dhs

[@lndian_Patriot]

Witness the absolutely heartbreaking and captivating efforts of the Lobelia Seed rescue team! Their commitment and passion for their work are truly impressive. I'm amazed by the extent of their rescue efforts and support them wholeheartedly.

[@obiubabs3841]

Hybrid