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The Number of Digital Nomads Surged Again in 2021

Small Business Labs

The pandemic-driven seismic shift to remote led to continued strong growth in the number of American digital nomads in 2021. The MBO Partners 2021 State of Independence research study found that 15.5 The number of digital nomads with a traditional job increased by 42% in 2021, growing from 6.3 million in 2021.

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What We Can Learn From America’s Flatlining RTO Numbers

Allwork

Before the pandemic, peak in-office occupancy reached 79% in 2019. According to a LinkedIn webinar about flatlining RTO numbers, the height of office occupancy peaked in 2019 at around 79%. Once Covid-19 became a widespread fear and government lockdowns commenced, the number of remote workers shot to just over 30% in 2021.

Learning 306
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The Pandemic Has Impacted Downtown Areas Across the U.S.

Allwork

San Francisco, a city that has felt the extreme impacts of remote work, saw a drop of nearly 210,000 people during a typical workday in 2021 compared to 2019, according to The Mercury News. Likewise, Manhattan’s daytime population dropped 24% between July 2019 and July 2021, according to Propmondo.

2019 192
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WeWork Preparing to File for Bankruptcy Amid Massive Debt and Losses

Allwork

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. The company’s troubles have persisted over the years, although it eventually managed to go public in 2021, albeit at a significantly lower valuation.

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US Job Openings Fall Below 10 Million

Allwork

suggesting there is still need to control wage pressures and inflation. How it’ll impact the future: The layoff rate was slightly lower and still trails 2019 numbers. million (a downwardly revised figure) to 9.9 to 1.67, yet it is still higher than pre-pandemic figures of 1.2,

2019 263
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WeWork Suspends $6.4M Interest Payment Amid Debt Struggles

Allwork

The company’s trajectory has been turbulent since 2019 when its initial public offering plans collapsed due to investor concerns about significant losses and skepticism over its business strategy of acquiring long-term leases and offering them for short-term rentals.

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New York Stock Exchange Issues Non-Compliance Notice To WeWork

Allwork

Why it matters: In 2019, WeWork was valued at $47 billion dollars. While WeWork has failed to turn a quarterly profit since being listed as a publicly traded company in 2021, it has been working to cut debt. The non-compliance notice does not immediately lead to the shared workspace provider getting delisted from the exchange.

2019 262