WeWork Shares Plummet as Bankruptcy Reports Loom

Company CultureHigh Tech / High TouchInflationMoney Matters
Written By Jennifer Joslyn

WeWork's stock price dropped nearly 50% to a record low amid reports that the company is considering filing for bankruptcy next week. The flexible workspace provider has faced financial challenges, with a heavy debt load and significant losses, leading to a market capitalization of just $121 million from its once-private valuation of $47 billion. This potential bankruptcy filing follows a series of setbacks for WeWork, including failed IPO plans and ongoing financial struggles.

Read more at Reuters >

Featured
WeWork's Co-Founder Adam Neumann Expresses Disappointment Over Chapter 11 Filing, Envisions Reorganization for Success
WeWork's Co-Founder Adam Neumann Expresses Disappointment Over Chapter 11 Filing, Envisions Reorganization for Success

WeWork co-founder and former CEO Adam Neumann expressed disappointment over the company's Chapter 11 bankruptcy filing, stating his belief that with the right strategy and team, a reorganization could lead to success.

WeWork Shares Plummet as Bankruptcy Reports Loom
WeWork Shares Plummet as Bankruptcy Reports Loom

WeWork's stock price dropped nearly 50% to a record low amid reports that the company is considering filing for bankruptcy next week.

Survey Reveals Organizations Implementing Office Etiquette Training to Foster Professional Workplace Culture
Survey Reveals Organizations Implementing Office Etiquette Training to Foster Professional Workplace Culture

According to a survey by ResumeBuilder.com, organizations are responding to changing work environments and declining interpersonal skills by implementing training programs to create a more professional and respectful office culture.

Philadelphia Employer Emphasizes In-Office Mondays to Foster Team Culture
Philadelphia Employer Emphasizes In-Office Mondays to Foster Team Culture

While office occupancy remains lower on Mondays compared to pre-pandemic levels, Jeff Hornstein, executive director of the Economy League of Greater Philadelphia, has successfully convinced his team of 13 employees to come into the office on Mondays twice a month.

Addressing the labor challenge in logistics is a significant undertaking
Addressing the labor challenge in logistics is a significant undertaking

The return to office work amid the pandemic has led to increased job turnover in the logistics industry, including supply chain roles that already face high-stress levels and labor shortages.

Consistent Demand for Back-Office Jobs in Fleets
Consistent Demand for Back-Office Jobs in Fleets

As the trucking industry continues to grapple with a persistent labor shortage, fleets are witnessing a consistent increase in job demand for operational support roles, commonly known as back-office jobs.

International workers are returning to in-office work in droves, so why are Americans so resistant?
International workers are returning to in-office work in droves, so why are Americans so resistant?

Office attendance is now somewhere between 70-90% in Europe and the Middle East and closer to 100% in Asia.

To become an award-winning workplace, it takes more than a “positive environment”
To become an award-winning workplace, it takes more than a “positive environment”

here is no one-size-fits-all answer to what it takes to become an award-winning workplace, as the specific factors that contribute to a positive work environment can vary depending on the industry, the size of the organization, and the needs and expectations of the workforce.

Jennifer Joslyn
Previous

Orsted Scraps New Jersey Wind Farms Amidst Financial Setbacks in US Offshore Wind Industry
Next

Fatal Collapse at Eastern Kentucky Coal Plant Leaves One Worker Dead, Another Trapped