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☆ Flexible work spaces are in demand outside of central city locations, says IWG CEO
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlexible work spaces are in demand outside of central city locations, says IWG CEOMark Dixon, CEO of the flexible workplace company, discusses full-year earnings and the demand for remote work locations.

Persons: Mark Dixon

☆ American investors and property owners are focused on providing hybrid work, says IWG's Mark Dixon
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican investors and property owners are focused on providing hybrid work, says IWG's Mark DixonMark Dixon, CEO of IWG, joins 'The Exchange' to discuss the expansion of hybrid work in the U.S., the future of the work model, and more.

Persons: IWG's Mark Dixon Mark Dixon Locations: U.S

☆ WeWork Is Bankrupt—And SoftBank’s Losses Are $14 Billion and Counting
▼ + stars: | 2023-11-08 | by ( ) www.wsj.com time to read: 1 min

With WeWork’s bankruptcy filing Tuesday , SoftBank has lost over $14 billion on its investments in the office-leasing company, an analysis of SoftBank filings and WeWork’s stock price shows. It is an astounding amount of money to have lost on a single company, and it marks one of the worst bets ever on a startup. The scale of the loss is especially striking given the industry: Competitor IWG, with similar revenue to WeWork, has a market value of $1.7 billion.

Persons: SoftBank

☆ Zero income tax and tight security makes Dubai one of the best destinations for a 'workation,' study finds
▼ + stars: | 2023-10-28 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Dubai is one of the best cities for a working vacation, or "workation," a study found. Dubai is known for strict law-enforcement policies and has a zero-tolerance policy on crime. AdvertisementAdvertisementDubai is one of the best cities to take a "workation," a study has found. Barcelona was ranked the best city for a workation in the study by Berlin-based WorkMotion. It was also named the best city for taxes.

Organizations: United Arab, New Locations: Dubai, Barcelona, Berlin, United Arab Emirates, Bern, Switzerland, UAE, New York

☆ IWG: Reappraising office space has saved businesses billions
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIWG: Reappraising office space has saved businesses billionsMark Dixon, CEO of IWG, discusses changing work environments and the co-working space industry.

Persons: Mark Dixon

☆ Here are the best ‘workcation’ cities for remote and hybrid workers — and Barcelona tops the list
▼ + stars: | 2023-08-30 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Barcelona, renowned for its vibrant cultural scene and almost year-round sunshine, is the best workcation city for those "seeking the perfect blend of work and leisure," said IWG. "The rise of hybrid work now allows workers to work from wherever they can be the most productive, even if that's overseas," Rogers added. Barcelona and Toronto — the top two cities — registered particularly strong scores in broadband speed and accommodation prices. Top 10 cities for workcations: Barcelona Toronto Beijing Milan New York Rio De Janeiro Amsterdam Paris Jakarta Lisbon For example, the average rent per month in Barcelona costs $1,158 and $1,769 for Toronto — compared to New York's $3,632 — the most expensive on the list. A cup of coffee in Barcelona costs $2.68 on average, compared to $4.92 for Los Angeles and $4.57 for Beijing, IWG added.

Persons: Darren Rogers, IWG, Rogers, Toronto — Organizations: Singapore, Toronto, Barcelona Toronto Beijing Milan, Paris Jakarta, Los Locations: Barcelona, New York, Hong Kong, Singapore, Asia, Southeast Asia, workcations, Barcelona Toronto Beijing Milan New York Rio De Janeiro, Paris, Paris Jakarta Lisbon, Spanish, Los Angeles, Beijing, Toronto

☆ Barcelona, Toronto, and Beijing are some of the best cities to work remotely while traveling, study finds
▼ + stars: | 2023-08-30 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Some cities are easier for "work from anywhere" employees than others, a study from IWG has found. The analysis found that Barcelona and Toronto were the best cities for employees working abroad. However, not all remote working destinations are made equal, a study from flexible working company IWG has found. Barcelona, Toronto, and Beijing were ranked some of the best cities for people who are embracing the "work from anywhere" lifestyle. The analysis ranked 25 cities on nine categories, including availability of workspaces, broadband speed, climate, culture, accommodation, food and drink, and transport.

Persons: IWG, Mark Dixon Organizations: Service, Barcelona, Toronto Locations: Barcelona, Toronto, Wall, Silicon, Beijing

☆ WeWork multitasked when it had just one job
▼ + stars: | 2023-08-09 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, Aug 9 (Reuters Breakingviews) - WeWork (WE.N) took a decent idea and turned it into a ridiculous one. Occupancy declined and WeWork burned through another $300 million. WeWork agreed to take over loads of space when revenue was doubling each year and prices were far higher. Workspace-sharing providers can thrive again, too, if they remember that being cautious about puffing up their balance sheets is the main job. WeWork, valued at $47 billion in a private 2019 funding round, said in May it had completed a debt-for-equity recapitalization that eliminated $1.2 billion of debt.

Persons: Adam Neumann, Masayoshi Son, WeWork, Daniel Hurwitz, it’s, Sandeep Mathrani, Hurwitz, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, SoftBank, Video Communications, Thomson Locations: Swiss

☆ WeWork could head to the scrapyard of American dreams. There's a stark warning in there for AI.
▼ + stars: | 2023-08-09 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

WeWork's rise and fall offers a stark warning for the AI era. Companies racing for glory in the AI era would do well to learn from the over-exuberance in the WeWork saga. Since the launch of ChatGPT last year, private tech investors have abandoned their temporary pullback in startup investment to throw money at almost any company with AI in the name. ChatGPT's creator OpenAI has bagged billions of dollars from Microsoft, while venture capitalists announced $10.7 billion of generative AI startup deals in the first quarter of the year, per data firm Pitchbook. But equally, investors would be wise to learn from WeWork and look under the hood of any AI firm claiming it will fundamentally alter any market.

Persons: OpenAI, Adam Neumann, Jackal Pan, Getty Images Neumann, –, It's, Sam Hogan Organizations: Microsoft, Visual China, Getty Images Locations: American

☆ The demand for hybrid working 'will prevail' in a recession, IWG CEO says
▼ + stars: | 2023-08-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe demand for hybrid working 'will prevail' in a recession, IWG CEO saysIWG CEO Mark Dixon discusses the workspace company's earnings and what the current economic situation means for hybrid working.

Persons: Mark Dixon

☆ Adam Neumann, the ousted CEO of WeWork, toyed with a rescue package for the company
▼ + stars: | 2023-06-12 | by ( Al Yoon | ) www.businessinsider.com time to read: +3 min

Adam Neumann made motions in October to invest in WeWork, The New York Times reported. Options for the company have been whittled down, and now include bankruptcy, The New York Times reported on Monday. One opportunity batted away by Mathrani came from Adam Neumann, who was pushed out as WeWork's CEO in 2019, the Times reported. The meeting, which was potentially to discuss an investment with other investors of as much as $1 billion and a debt buyback, didn't happen, the Times reported. More recently, IWG, a company that also offers work spaces for remote and hybrid workers, made an offer to operate WeWork's spaces, according to the Times.

Persons: Adam Neumann, Sandeep Mathrani, IWG, —, Mathrani, Neumann, JLL, WeWork, Trepp Organizations: The New York Times, Service, Times, WeWork Locations: WeWork, The

☆ There's one big reason why workers don't want to go back to the office 5 days a week
▼ + stars: | 2023-05-27 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Few workers enjoy the hassle of commuting to the office five days a week. Studies show that commuting is the main reason many don't want to stop working from home. A recent report by Centre for Cities, a UK think tank, suggested that policymakers should "encourage the benefits of office working while reducing the costs to workers of doing so." But Paul Swinney, its policy and research director, told Insider that employers could say commuting costs are covered by salaries, leaving companies "reluctant to set a precedent." ShutterstockBut many workers don't just regard commuting as a waste of money.

☆ Employees think going into the office is a 'complete waste of time and money,' CEO says
▼ + stars: | 2023-03-08 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

The CEO of a flexible office company told CNBC that employees don't want to go back to the office. He said that employees see traditional offices as a "complete waste of time and money." "There's this assumption that people like commuting into a central business district," Mark Dixon, CEO of flexible office company IWG, told CNBC. After laying off thousands of workers earlier this year, the tech company has paused construction on its second headquarters in Virginia. He told CNBC that he envisions offices working like "a network of petrol stations," affording workers the opportunity to work anywhere.

☆ IWG CEO: People are working in a much more distributed way
▼ + stars: | 2023-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIWG CEO: People are working in a much more distributed wayMark Dixon, CEO of flexible workplace company IWG, discusses the company's earnings and the outlook for hybrid working.

☆ Commercial real estate has a 'shock coming' as return-to-office plans fall short, CEO says
▼ + stars: | 2023-03-07 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

The conversation isn't about returning to the office, Mark Dixon, IWG CEO, told CNBC. There's a "shock" coming for the commercial real estate industry, but the opportunities ahead are huge, according to Mark Dixon, CEO of flexible office company IWG. Technology enabled a "fundamental seismic shift" in commercial real estate as the Covid-19 pandemic forced millions of people to work from home for the first time, Dixon said — and workers don't necessarily want things to go back to how they were before. It's a complete waste of time and money and they don't want to do it," Dixon told CNBC on "Squawk Box Europe" Tuesday. Dixon founded IWG — formerly known as Regus — in 1989.

☆ WeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality
▼ + stars: | 2022-12-14 | by ( Emilia David | ) www.businessinsider.com time to read: +3 min

WeWork cash flow is dwindling, and it plans to shutter more sites as it struggles to bounce back. Its market capitalization now stands lower than Regus, another flexible office space provider. This is a sign the market is rewarding careful management over rapid growth. WeWork's problems stand in sharp contrast to another company that offered flexible workspaces for decades before WeWork entered the market: Regus. But right now, its focus on fundamentals and not chasing growth at all costs means the market values it more than WeWork.

☆ These 15 people are shaping the office of the future, designing meeting pods, hologram calls, and buildings that actually make workers healthier
▼ + stars: | 2022-10-24 | by ( Robert Davis | ) www.businessinsider.com time to read: +27 min

These 15 power players are just a handful of the people designing workplaces to balance productivity, interaction, and employee well-being through indoor-air-quality monitoring systems, building amenities, holographic meeting spaces, and more. AftershipCities like Austin, Texas; Nashville, Tennessee; and Raleigh, North Carolina, began offering business-relocation incentives during the pandemic to boost their workforces and help increase occupancy in office buildings. Room's office suite includes a phone booth, a meeting room, an open meeting room, and a focus room. Room also makes a soundproof meeting room that fits two people, a more open meeting booth, and a focus room designed for quiet concentration. "The future of office work needs to be guided by a new, genuine form of flexibility in which the work, not the workers themselves, become even more malleable," Petersen writes.

☆ I lost my job as a manager at The Wing when the feminist co-working space shut down permanently. Here's what the last days were like and the red flags I saw leading up to the closure.
▼ + stars: | 2022-09-20 | by ( Rosie Bradbury | ) www.businessinsider.com time to read: +5 min

Feminist coworking space The Wing shut down last month and all its staff were let go. A former staffer told Insider about how it felt to be on the call where she found out and of her feelings of shock and confusion. A spokesperson for IWG told Insider: "There was a clear process in place to handle what would have been a difficult time for employees." We were told The Wing would shut down at the end of August, at the same time as everybody else. Editor's Note: A spokesperson for IWG told Insider: "There was a clear process in place to handle what would have been a difficult time for employees."

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