Allwork
DECEMBER 12, 2023
Coworking started as a grassroots movement and has evolved into a legitimate industry, especially after the 2008 recession disrupted traditional office leases. In the window from 2008-2010, buildings across the U.S. Indeed, what started out as a scrappy, not-for-profit social movement has evolved into an industry in its own right.
Small Business Labs
APRIL 4, 2017
Coworking turned a fixed cost (long term lease) into a variable cost (month to month membership). We've long considered the shift to variable costs to be a key megatrend of the new economy. The shift to variable costs continues to be a megatrend. Consumers are also avoiding fixed costs.
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Allwork
MARCH 27, 2023
NPR is set to make the largest staff reduction since the 2008 recession, with the layoffs of around 100 people and the cancelling of numerous open roles. This will bring the total workforce from around 1,200 to around 1,050 employees.
Success
NOVEMBER 29, 2023
Eloise’s Cooking Pot Food Bank was established in 2008, and today, it’s the largest independent food bank in Pierce County, Washington, serving more than 70,000 people per month. Food cost is an issue Before the pandemic, Eloise’s Cooking Pot Food Bank was serving 15,000 people a month. million pounds of food.
Allwork
JULY 26, 2022
Inflation has led the cost of nearly everything to rise to record highs, outpacing any wage increases that have occurred in recent months. During the 2008 recession, those who stayed at their jobs saw bigger wage hikes than those who switched positions. over the last three months.
Success
APRIL 20, 2022
But for anyone who was around in 2008, life was really, really good—until it wasn’t. In 2008, I was running one of the top teams in the country. We needed to build a defensible real estate model that didn’t bear the weight of physical overhead costs. Would we have turned to a cloud-based model if 2008 turned out differently?
Allwork
SEPTEMBER 14, 2023
commercial real estate (CRE) industry is experiencing office vacancy rates that have surpassed the highs of the 2008 global financial crisis, according to a recent article by Business Insider. While office property owners previously benefited from low borrowing costs, the recent surge in rates has made refinancing more challenging.
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