article thumbnail

Yardi Systems Gets Court Approval To Lead WeWork Out of Bankruptcy

Allwork

Reuters reports the court approval , which follows months of negotiations. However, the firm’s stake has the potential to increase to 36% if certain financial benchmarks are not met under the new plan. Despite Neumann’s concerns, Yardi is reported to be more optimistic. billion by 2028. in Midtown Manhattan.

article thumbnail

WeWork Grapples with $122M Loss, Lease Rejections, and Ex-CEO’s Acquisition Offer

Allwork

To date, the company has assumed 25 leases and rejected 94, with approximately 173 North American sites still under negotiation. However, it’s reported that the company’s cash reserves have also dwindled in the process, dropping from $113.3 million loss in January to $122 million in February. million at the end of January to $89.6

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

WeWork India Posted 67.58% Revenue Surge in FY23 Amidst Global Challenges

Allwork

WeWork India has reported a year-over-year revenue increase of 67.58% for the fiscal year ending March 2023. According to a report published by EnTracker , the company’s revenue increase reached Rs 1,314 crore (US$158.5 The report of the revenue surge for the India-based operation comes at a time when the U.S.-based

article thumbnail

WeWork’s Ousted Founder Hopes to Buy it Back

Allwork

Spiro writes in the letter first reported by DealBook , “We write to express our dismay with WeWork’s lack of engagement even to provide information to my clients in what is intended to be a value-maximizing transaction for all stakeholders. The post WeWork’s Ousted Founder Hopes to Buy it Back appeared first on Allwork.Space.

article thumbnail

The Gender Pay Gap: 3 Steps to Work Toward Workplace Parity

Success

For years, we’ve been told the reason the gender pay gap exists is that women don’t negotiate or advocate for themselves. Why do companies and managers insist on making compensation dependent on someone’s self-confidence level or negotiating skills when, in most cases, neither has anything to do with their job and job performance?

article thumbnail

Disneyland Cast Members Secure Union Victory Amid Calls for Better Working Conditions

Allwork

Equity, founded in 1913, represents over 51,000 professional actors and stage managers. After that we will meet with representatives of the Walt Disney Company to negotiate those priorities into a first contract.”

article thumbnail

Why I Negotiated for a 4-Day Workweek Instead of a Raise

Success

As director of content at ConantLeadership, a boutique leadership firm, I write a leadership-focused newsletter and help design resources for modern managers. The post Why I Negotiated for a 4-Day Workweek Instead of a Raise appeared first on SUCCESS. Employees are in crisis. Photo by @Hanni/Twenty20.