WeWork is facing increasing pressure from its unsecured creditors to consider a buyout offer from Flow — a real estate venture led by WeWork’s controversial co-founder and ex-CEO Adam Neumann.  WeWork, which entered Chapter 11 bankruptcy in November 2023 after enduring persistent financial difficulties for several years, is attempting to raise at least $400 million in fresh capital to support its exit from the bankruptcy process.   Last month, the company stated that its eyeing May 31 as a goal/date to emerge from bankruptcy. However, according to a report published by The Real ..read more

A recent survey conducted by IWG Canada suggests that younger generations of Canadians (Generation Z and Millennials) are generally in favor of hybrid work environments.  The study surveyed 1,027 Canadians over the age of 18 who work in a flexible, hybrid environment, and found that 95% of Gen Z employees and 84% of millennials would expect a salary increase if required to commute to the office five days a week.  According to a report published by The Daily Hive, this preference for hybrid work is driven by a variety of factors, including personal career growth and mental health bene ..read more

Millennials could one day be the reason for the traditional five-day, 40-hour work week becoming a relic of a bygone era.  According to a recent poll of 4,000 eligible U.S. voters, conducted by Redfield and Wilton Strategies and published by Newsweek, 63% said they support transitioning to a four-day work week —with millennials showing the strongest support at 74%.  The concept of a four-day work week involves employees working reduced hours, typically 32 hours per week, as opposed to the standard 40. Proponents believe workers are still capable of completing the same amount of work ..read more

Despite urgent signs a month ago, the Pittsburgh office market is reported to be showing healthier in the first quarter of 2024.  More specifically, in March a report published by the Pittsburgh Post Gazette, revealed that nearly 50% of the office spaces downtown could be sitting empty by 2028. The data cited in the report reveals that over two dozen buildings are at risk of foreclosure — further compounding the economic challenges faced by the city.  However, it’s reported that the first quarter of 2024 has seen slightly positive trends for the Pittsburgh office market. A more recen ..read more

Aggregators who resell your space at different prices encourage cross-channel shopping, leading clients straight to your competitors. By standardizing your pricing, you’ll keep more clients connected to your brand and reduce the risk of price erosion. Mike Sullivan explores how to ensure price consistency and compliance through a pricing policy, such as a MAP policy. Listing your coworking center with multiple aggregators can be an effective strategy to attract more clients.  However, even though there are benefits to advertising your center across multiple channels, your pricing should ..read more

IT expert Jeremy Fennema joined the Allwork.Space Future of Work Podcast to explain the increasing impact of AI, IoT, and AR on remote work, corporate structure, and productivity. Such technologies also bolster remote work capabilities and necessitate stronger AI-driven cybersecurity strategies to protect against sophisticated threats. AR technology is blurring the lines between physical and virtual workspaces, making location less relevant and supporting a shift toward digital interaction and collaboration. This article is based on the Allwork.Space Future of Work Podcast episode featuring ..read more

Chris McAlister Chris McAlister is an expert in leadership development, having successfully navigated pivotal crises and gained a deep understanding of effective leadership. With a wealth of experience working with small and mid-market company founders, physicians, Fortune 100 executives, venture fund managers, and professional athletes, Chris founded Sight Shift to help organizations transform their leaders, driving sustainable growth and profit. His approach focuses on developing leaders who can create impact by fostering intrinsic motivation and meaning within their teams. Chris’s p ..read more

Zero-trust security strategies have emerged globally as the dominant cyber-security trend, with 63% of organizations worldwide having fully or partially implemented them, as revealed by a recent Gartner survey.  According to a report published by CrowdStrike, “Zero Trust is a security framework requiring all users, whether in or outside the organization’s network, to be authenticated, authorized, and continuously validated for security configuration and posture before being granted or keeping access to applications and data.”  Another survey conducted by Gartner in the fourth quarter ..read more

WeWork is gearing up to sell its 27% stake in WeWork India, its Indian subsidiary, for a substantial sum of Rs 1,200 crore (or nearly $144.58 million), according to a report published by The Economic Times.  It’s suggested by unnamed sources that this secondary deal involves prominent investors such as the Enam group’s family office, A91 Partners, and CaratLane’s founder Mithun Sacheti.  Bengaluru-based real estate developer Embassy group holds a reported 73% stake in WeWork India — a joint venture with U.S.-based WeWork which holds the remaining 27% stake. It’s reported that the pot ..read more

On Earth Day, the International Labor Organization (ILO) issued a stark environmental warning revealing that over 70% of the global workforce, or 2.4 billion workers, are likely to face excessive heat exposure during their careers due to climate change.   According to a report published by the Associated Press, this figure has increased 65% since 2000, suggesting there is a growing environmental threat to workers’ health and well-being.  In addition to excessive heat exposure, the ILO report further examines other dangerous health hazards that millions of workers face annually ..read more