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