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WeWork Files For Bankruptcy, Shaking Coworking Industry

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Last month, the company intentionally missed paying $95 million in interest payments, then negotiated an additional seven-day forbearance with creditors , which expires Tuesday. WeWork’s journey has been marked by a series of missteps and missed opportunities. The company was worth an unbelievable $47 billion at its peak in 2019.

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WeWork Preparing to File for Bankruptcy Amid Massive Debt and Losses

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Earlier today, WeWork announced that it had negotiated a temporary delay in payments on some of its debt with creditors, as the grace period approaches its conclusion. If WeWork does file for bankruptcy, it will represent a dramatic turn of events for a company that was privately valued at $47 billion in 2019.

Filing 162
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Pay Has Soared For The Lowest-Wage Workers

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As the labor market recovered, those affected by job losses were able to use the government-provided financial aid as a crutch, which put them in a stronger position to find new job opportunities, according to Axios.

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Four-Day Workweek Adoption Is Overblown, New Data Shows

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of job postings in September 2019 to 0.3% Recently, the United Auto Workers (UAW) union has also brought more attention to the four-day workweek during recent negotiations for better pay and benefits. A recent data analysis by Axios dug into research published by Indeed.

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Office Property Values in Major Cities Face a Potential $800 Billion Decrease by 2030

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The study suggests that by 2030, the demand for office space in these cities will be 13% lower than it was in pre-pandemic 2019. How it’ll impact the future: The decrease in office space demand has resulted in shorter lease negotiations, posing challenges for property owners in securing financing.

2019 238
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Adam Neumann’s Bold Claim: Flow is Prepared to Compete with WeWork

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The company will also have a unique value sharing mechanism that will likely be in the form of some type of “fractional ownership” for value creators, according to Fortune. Why it matters: Neumann was ousted from WeWork back in 2019 following a failed initial public offering (IPO) attempt.

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Ep 215: Kathleen Burns Kingsbury on Changing Your Money Mindset and Negotiating for What You Deserve

LEADERASSISTANT.COM

In this episode, Kathleen talks about working with virtual assistants, changing your mindset toward money, how to negotiate for higher pay, and tips on public speaking. LEADERSHIP QUOTE Speak your mind, even If your voice shakes. She currently teaches in the Business and Management School at Champlain College.