Its charismatic founder helped turn WeWork into a giant that was once valued at $US47 billion. This week,it filed for bankruptcy.
The boss of private equity group Blackstone claims that workers are refusing to return to their office desks partly because they enjoy a lighter workload at home.
After more than two years of trying to coax workers back into offices,bosses are losing their patience.
A KPMG survey of more than 1300 chief executives shows the majority expect workers to end up in the office full-time as business conditions normalise.
While bosses say the return to the office is all about working together,in some cases it may well be about engendering rivalry and competition.
Remote work is forcing companies to rethink their workplaces,after years of cramming as many employees as they could into open-plan cubicle farms.
While many employers are now asking people to come in a certain number of days a week,hardly any are tracking exactly how long they stay.
At least twice a day (because what goes up must come down),I suppress the urge to preach to my captive audience the basic rules of a peaceful and efficient vertical journey.
During the early months of the pandemic,a certain company went suddenly from relative obscurity to the type of popularity that made it a noun,verb and catchphrase.
The lingering pandemic hangover of working from home has started to put serious pressure on commercial real estate values.
A slew of heavyweight companies have joined the banking sector in handing back unwanted office space as they grapple with staff demanding to work from home.