The We Company will be comprised of three main business units: WeWork, its main office business; WeLive, a fledgling residential unit; and WeGrow, a still-evolving business that currently includes an elementary school and a coding academy. Although the company could not provide specifics, it says plans are in the works to build out its residential and education units this year. Also — Fast Company
Early this week, WeWork's CEO Adam Neumann revealed significant changes to the infamous co-working space that took the globe by storm when it opened their first workspace in 2010. Quickly becoming one of "the fastest-growing lessee of new spaces in America," by 2014, the company seemed unstoppable. Since then, numerous other co-working/office space companies appeared on the scene. However, many alternative companies could not compete with WeWork's services as well as their overall design aesthetic.
2019 will be a big year for the company turning 9. Neumann will announce at the WeWork Global Summit that the company will no longer be called WeWork, but The We Company. In a recent interview, Neumann expressed the company's transition from renting desks and office space to finding ways the company can enhance the lives of the general public both in the physical and digital worlds.
"The We Company will be comprised of three main business units: WeWork, its main office business; WeLive, a fledgling residential unit; and WeGrow, a still-evolving business that currently includes an elementary school and a coding academy. Although the company could not provide specifics, it says plans are in the works to build out its residential and education units this year." Living up to its $47 billion valuations is a daunting task. However, Neumann and his team are looking forward to the new transition. Plans to expand into other projects are on the docket. Talk of plans for WeSail to WeBank have surfaced; however the resilient CEO has not provided any specifics.
Today, we’re announcing The @We Company, bringing all of our business ambitions together to operate in service of how we work, live, and grow. Our guiding mission: to elevate the world’s consciousness. https://t.co/HQD6ulKi6O pic.twitter.com/CNZl8dR80f
— WeWork (@WeWork) January 8, 2019
For more about WeWork, check our our interview with co-founder Miguel McKelvey, hosted live in NYC last summer:
23 Comments
"should other co working spaces be worried"
yeah, an operation hemorrhaging cash, with a cratering valuation and major investor (publicly!!) backing out of a much needed cash infusion certainly inspires fear
but they have a fancy new brand so thats nice
And, really, isn't fluffy text, curated images, and social media presence all you really need?
#WeBlab
when you hire BIG you know the bubble is about to burst
"a real estate investment masquerading as a tech company" preying on "the newly incorporated and nominally employed"
https://www.bloomberg.com/amp/...
https://techcrunch.com/2019/01...
The best part this is the PR: building communities.
I love my generic brand co-work space and all the perks.
how is co-working different from a typical commercial office building with multiple tenants? is everybody partying all the time at we work with their neighbors down the hall?
Co-working is an illusion. Think cubicle rental.
What’s wrong with cubicle rental? Renting a whole office is not practical or affordable for many small businesses.
In mine, there are private offices of a few sizes and some desks in an open area. Printing, mail, kitchen are centralized and taken care of by the manager. Janitorial and internet are taken care of. I can get a desk or conference room in other networked buildings. I get a free bus and rail pass. There is a university that uses the space which is a different dynamic that I like. There are many common spaces of all kinds, couches in widened halls. Our office manager's husband own's a brewery and we get all you can drink beer and all you can drink coffee, lattes, and cappucino's from a fancy machine. They do the dishes too. Clients can have all of that too. They also give us happy hour pricing all the time at their restaurant. All the perks, and it's cheaper and nicer than having my own office (used to have one). I don't have to clean the bathrooms. And they gave us some furniture to use.
Sounds like a good deal :)
Working:
WeWorking:
WeeWeeWorking:
A concept with the lifespan of a fruit-fly.
why?
"WeWork, which lost $1.2 billion over the first three quarters of 2018 according to an FT report, is rebranding to shift attention from its real estate play to a broader blend of living and educational services that now comprise the three pillars of its business."
I would not leave anything of value overnight in the offices.
WeGrow tuition rates:
$22,000 for age two
$36,000 for age three
$36,000 for age four
$42,000 for ages five to eleven
https://www.wegrow.com/join-us
not too bad for nyc.
NYC, the land of millionaire socialists.
A better model than we work is to rent a space within a larger firm of the same or related discipline.
A friend was looking for an office space and was quickly scared away by the wework setup — found a normal space instead
Ask your friend if they would like to buy some supplements.
This has aged quite well
"We" as 'Wework" now calls themselves announced 2,400 layoffs yesterday, November 21, 2019, which is about 17% of the company's entire staff.
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