September 20, 2023 by Liza Mash Levin
Table of contents
In the past few weeks, I’ve spoken with dozens of WeWork tenants, All Access members, and partners, most of them real estate and workplace leaders.
The mood is not optimistic. While we don’t know the outcome, the uncertainty created for those managing employee workspaces makes for more work and worries.
If your employees currently use WeWork offices across any of their options: on-demand, enterprise all-access, or leased tenant spaces, we’ve put together a list of what you might need to prepare for should the company go into bankruptcy.
First, you need to know how broad the impact could be on your company. These impacts could be spread across a few categories: People, Finances, and Contracts.
Getting specific on who could be impacted and how or when you’ll need to communicate with them about any impact on their workspace. Even if the update is good news: no impact, they will want to hear it from you. And if you need to communicate with them quickly, you’ll be glad you know who they are ahead of time.
Prep Work
Now is the time to bring in the legal team to review the contracts, your outlay, and your exposure. Depending on your exposure, you may need to scenario plan for various contingencies.
Prep Work
We’ve identified speed, cost, security, and employee collaboration as the top priorities as workplace leaders employ stop-gap solutions and look to understand the longer impact.
If there is one silver lining, it is that this can be a moment to identify where you need more insights and analytics to understand the impact of your existing workplace strategy and what you need to optimize for in the future.
Prep Work
Be proactive about getting these answers (and more) so you can jump ahead of the curve and protect the interests of your company, employees, and team.
Luckily, WeWork is far from the only viable coworking provider out there. Depending on your team size, location, and amenity preferences, there are plenty of great options to choose from, and the best thing? They’re all on Gable, so you can find and book them in one place.
Here are some of our favorite partners:
Find more alternatives to WeWork by browsing our entire workspace offering!
If you’re trying to understand what options are available to you, our team will put together an analysis of your employee coverage, cost impact, and operationalize impact.
Talk to us to learn more about how we might be able to help make sure you don’t miss a beat, even in a situation out of your control.
Cover photo: Marco Verch,
License: Creative Commons 2.0
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Liza Mash Levin
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