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About WeWork
Industries
Social Impact
Real Estate
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2010
Overview
Company Historically Provides H1B Sponsorship
WeWork provides shared coworking and office spaces for individuals and businesses. Their spaces are designed to be flexible, allowing users to rent desks or private offices based on their needs. WeWork's locations are equipped with amenities such as high-speed internet, meeting rooms, and communal areas, making it easy for members to work and collaborate. Unlike traditional office rentals, WeWork offers short-term leases and a variety of plans to accommodate different types of work styles and team sizes. The goal of WeWork is to create environments that foster productivity and community among professionals.
Simplify's Take
What believers are saying
- Flexible workspace demand is increasing with hybrid work models benefiting WeWork.
- Digital nomadism rise creates global demand for coworking spaces, expanding WeWork's market.
- Corporate downsizing in favor of flexible leases aligns with WeWork's offerings.
What critics are saying
- Increased competition from Upflex threatens WeWork's market share.
- WeWork's $19 billion debt limits financial flexibility and growth investment.
- Bankruptcy filing indicates financial instability, risking client trust and membership decline.
What makes WeWork unique
- WeWork transforms buildings into dynamic, collaborative workspaces for creativity and focus.
- WeWork offers infrastructure, services, events, and tech for creators to thrive.
- WeWork's eco-friendly workspaces attract environmentally conscious businesses.
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Funding
Total Funding
$23921.3M
Above
Industry Average
Funded Over
18 Rounds
Insight Partners
SoftBank
BenchmarkBenefits
Competitive healthcare benefits
Life and AD&D insurance
401(k) matching
20 days of PTO
10 paid holidays
80 hours of paid sick time per full calendar year
16 weeks paid parental leave
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -1%Yardi, a low-profile yet highly successful entrepreneur, ranks among the wealthiest in the software industry. His journey began in 1963 when he became the second person ever to achieve the top rank in the IIT JEE, a prestigious engineering entrance exam in India.
WeWork Bankruptcy: WeWork, once the most valuable U.S. startup, struggled to achieve profitability as a rise in work-from-home trends following the pandemic soured demand for its shared office spaces.
The shared office giant, once seen as the future of the workplace, has been plagued by problems.
The former high-flying startup listed nearly $19 billion of debts, a fresh low for the co-working company that struggled to recover from the pandemic.
Upflex—the premier global provider of hybrid workspace solutions—announced the closing of its $30 million Series A round. The raise was led by WeWork
WeWork is Hiring for 31 Jobs on Simplify!
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About WeWork
Industries
Social Impact
Real Estate
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2010
WeWork is Hiring for 31 Jobs on Simplify!
Find jobs on Simplify and start your career today