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WeWork Has Slashed $3.7 Billion in Lease Expenses So Far

Allwork

WeWork has been trying to claw its way out of a slew of costly leases in recent months to guide the company towards a better balance sheet. According to The Wall Street Journal , the company’s restructuring efforts have led to substantial savings — with at least $3.7

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Layoffs Grab Headlines, But This Is Where Companies Are Really Trimming Their Expenses

Allwork

Companies are at an intersection where a recession, remote working and returning to the office all converge. . Although tech layoffs have claimed the majority of workplace headlines recently, this trend is still largely industry-specific and isn’t necessarily applicable to all companies.

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It’s More Than Flexibility – Returning To The Office Is Expensive

Allwork

In fact, a report from Owl Labs shows that in-person workers spend around $45 per day on commutes and meals, which could add up to $863 per month, nearly twice as much of the average expense for a remote worker. . And with a recession looming overhead, companies cannot afford to lose their top talent today. .

Expenses 246
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Why Company Retreats are Worth Every Penny

Allwork

Company retreats can demonstrate a company’s commitment to its staff’s well being, showing that it values them beyond their professional contributions. Company retreats serve as a fertile ground for creativity and innovation, allowing ideas to flourish outside the confines of cubicles and conference rooms.

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Coming Into The Office Is More Expensive Than Ever Before

Allwork

If coming into the office wasn’t expensive before, workers are definitely feeling the heat in 2022. . Restaurants and coffee shops are also feeling the weight of rising costs and supply shortages, leading companies like Starbucks to raise their prices. . One of these factors is the rising costs of, well, everything. .

Expenses 237
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Remote Work, Expensive Rent And Long-Term Leases Are Impacting Office Takeup

Allwork

A new survey from the Building Owners and Managers Association (BOMA), software firm Yardi and research advisory company Brightlight Strategies offers insight into how the past few years have altered office space needs. .

Expenses 245
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Food Company Hormel Plans $5 Million Daycare

Allwork

How it’ll impact the future: Hormel is the latest to join the increasing number of companies that are providing childcare facilities to appeal to parents in the highly competitive labor market. The post Food Company Hormel Plans $5 Million Daycare appeared first on Allwork.Space.

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