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- Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease
WeWork is slashing almost 20 per cent of its workforce in a restructuring of its money-losing operation after a doomed global stock offering.
WeWork is slashing almost 20 per cent of its workforce in a restructuring of its money-losing operation after a doomed global stock offering.
The potential retreat comes after WeWork said just last week it plans to expand its footprint in Hong Kong and open four new locations this quarter. Some of those are among the spaces it is now looking to vacate.
The potential retreat comes after WeWork said just last week it plans to expand its footprint in Hong Kong and open four new locations this quarter. Some of those are among the spaces it is now looking to vacate.
Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.
Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.
The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic
The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic
Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
Founder Adam Neumann will now leave the company’s board as part of the package, who will still get US$1.2 billion in WeWork stock
There have been spectacular successes and breathtaking failures as start-ups change the face of business, making it a challenge for governments to set the rules