{"id":4567,"date":"2023-11-09T12:47:20","date_gmt":"2023-11-09T17:47:20","guid":{"rendered":"https:\/\/www.dgimlaw.com\/?post_type=media-coverage&#038;p=4567"},"modified":"2023-12-11T12:52:05","modified_gmt":"2023-12-11T17:52:05","slug":"wework-filed-for-bankruptcy-is-this-the-end-of-flexible-office-space","status":"publish","type":"media-coverage","link":"https:\/\/www.dgimlaw.com\/media-coverage\/wework-filed-for-bankruptcy-is-this-the-end-of-flexible-office-space\/","title":{"rendered":"WeWork filed for bankruptcy. Is this the end of flexible office space?"},"content":{"rendered":"<div class=\"article-title-wrapper\">\n<p>Despite the uncertainty that persists, WeWork can help employers meet their needs in real time, a WeWork leasing director told HR Dive.<\/p>\n<p>In the wake of\u00a0<a href=\"https:\/\/www.wework.com\/newsroom\/wework-takes-strategic-action-to-significantly-strengthen-balance-sheet-and-further-streamline-real-estate-footprint\">WeWork\u2019s Chapter 11 bankruptcy filing<\/a>, CEO Sandeep Mathrani\u2019s words from\u00a0<a href=\"https:\/\/www.wework.com\/newsroom\/a-letter-from-our-ceo\">earlier this year<\/a>\u00a0are particularly poignant.<\/p>\n<p>Mathrani spoke to the advent of digital-first workflow, which caused a \u201ccenturies-old standard way of working [to be] flipped on its head.\u201d He reflected on a 2020 interview he gave on flexibility and the future of work. Since that interview, Mathrani said, WeWork built up its \u201cproduct suite to adapt to the seismic shift in the industry,\u201d so the company could \u201cfurther capitalize on all areas of demand with our physical space product of real estate.\u201d<\/p>\n<p>Fast forward to August 2023, when it turns out\u00a0<a href=\"https:\/\/www.wework.com\/newsroom\/wework-reports-second-quarter-2023-results\">WeWork\u2019s Q2 earnings results<\/a>\u00a0may have been smoke from a larger fire. In the liquidity section of the report, the company expressed that \u201csubstantial doubt exists about the company\u2019s ability to continue.\u201d<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>WeWork filed for bankruptcy. Is this the end of flexible office space? Despite the uncertainty that persists, WeWork can help employers meet their needs in real time, a WeWork leasing director told HR Dive.<\/p>\n","protected":false},"featured_media":4571,"template":"","_links":{"self":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media-coverage\/4567"}],"collection":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media-coverage"}],"about":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/types\/media-coverage"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media\/4571"}],"wp:attachment":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media?parent=4567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}