The billion-dollar business WeWork has filed for bankruptcy in the US, but that doesn’t necessarily mean co-working spaces are going out of fashion. The concept may simply be evolving – to the benefit of High Streets in towns and suburbs.
“We live in a small apartment and I’m sharing the working space with my husband who’s also working hybrid,” says Jill Parrish, who works for a market data consultancy in central London.
“It’s a bit fraught. I have distractions like the washing machine, various household tasks – and my husband!”
“It’s a bit fraught. I have distractions like the washing machine, various household tasks – and my husband!”
Her employer pays half of her costs, because it agrees it’s good for her productivity. She’s part of a trend known as “working near home” – as opposed to working from home.
WeWork, once valued at $47bn (£38bn), saw a meteoric rise and fall. Late on Monday it filed for bankruptcy protection, affecting its business in the US and Canada
The firm said its co-working spaces remain open and operational, including in the UK. Its sites with their swish decor, tend to be very large, security-controlled, multi-floor buildings in densely packed inner-city areas.
By contrast hubs like Patch are located in residential areas, a walk away from people’s homes.
The billion-dollar business WeWork has filed for bankruptcy in the US, but that doesn’t necessarily mean co-working spaces are going out of fashion. The concept may simply be evolving – to the benefit of High Streets in towns and suburbs.
“It’s a bit fraught. I have distractions like the washing machine, various household tasks – and my husband!”
“We live in a small apartment and I’m sharing the working space with my husband who’s also working hybrid,” says Jill Parrish, who works for a market data consultancy in central London.
Her employer pays half of her costs, because it agrees it’s good for her productivity. She’s part of a trend known as “working near home” – as opposed to working from home.
“It’s a bit fraught. I have distractions like the washing machine, various household tasks – and my husband!”
“It’s a bit fraught. I have distractions like the washing machine, various household tasks – and my husband!”
Her employer pays half of her costs, because it agrees it’s good for her productivity. She’s part of a trend known as “working near home” – as opposed to working from home.
WeWork, once valued at $47bn (£38bn), saw a meteoric rise and fall. Late on Monday it filed for bankruptcy protection, affecting its business in the US and Canada
The firm said its co-working spaces remain open and operational, including in the UK. Its sites with their swish decor, tend to be very large, security-controlled, multi-floor buildings in densely packed inner-city areas.
By contrast hubs like Patch are located in residential areas, a walk away from people’s homes.
#Work #home #coworking #hubs #locals
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