The failure of WeWork

What: WeWork is a real estate company that provides shared workspaces and other services for companies and startups. They were seeing a tremendous growth until 2019 when the company completely collapsed.

So What: There are multiple theories for why WeWork failed, including poor decision making from the CEO and having a poorly designed business model based on old notions of how work and management is done. In the end they were an overvalued coworking space with lack of imagination. 

Deep Dive:
https://medium.com/@derek_develops/why-wework-failed-and-what-it-means-for-coworking-5d6bb209f5e2
https://www.theatlantic.com/technology/archive/2019/09/why-wework-was-destined-fail/598891/
https://www.fastcompany.com/90444597/this-is-what-really-brought-down-wework

This article is part of Emerging Futures of Remote Work – An Institute for the Future Signals Report for The Remote Lab