Can WeWork Survive?

Welcome to today's Future Of Work SCOPE – our new newsletter on LinkedIn.?We feature our top stories, news digest, and expert commentary on the Future Of Work.?Subscribe today?–make smarter decisions tomorrow.

Can We Work Survive?

The coworking giant has had some tumultuous years. Jonathan Price weighs in on its business model and chance at a future. By Jonathan Price

• The current structure that WeWork has will not work in the long-term.??
• The coworking/serviced office sector has been in continuous long-term expansion for more than forty years, and although there have been some failures, the vast majority of operators make money, but WeWork is an exception.??
• WeWork needs to go into Chapter 11, be relieved of most of its debt, and be restructured under a completely new management drawn from the industry.?

Read The Full Article.

75% Of Business Leaders Lack Data Needed For Crucial CRE Decisions

Three out of four business leaders say they lack utilization and space data to make informed decisions about their commercial real estate/workplace needs, but this is exactly the data that they need in order to retain employees. By Emma Ascott

• In a Q&A with Allwork.Space, VP of Human Resources at FM:Systems Deb Hill explained the need for operators/organizations to use workplace data tracking technology.?
• Organizations are still having to face the hard realities that the new world of work means constantly navigating changing work patterns, as well as shifting employee expectations.?
• Hill said corporate real estate has an opportunity to really seize onto this shift, and work with customers to create high-performance facilities.?

Read The Full Article.

Remote Work Is Just E-Commerce Déjà Vu All Over Again

Perkins&Will’s Jane Greenthal explores the parallels between the retail industry and workplace strategy, and shares six key takeaways. By Jane C. Greenthal

In collaboration with Work Design Magazine

• Having worked with retailers at a variety of scales over the last several years,?Perkins&Will’s Jane Greenthal?sees some striking parallels that cross-over to workplace strategy.??
• The most significant manifestation of a company’s brand to its employees is its work culture. The culture must represent the brand and convey its values unambiguously and authentically.?
• Employers should rethink the HQ and if they can meet employees where they are or create more compelling destinations using different formats and/or co-location with other businesses.

Read The Full Article.

Quote of The Day from our Future Of Work Podcast

With this world of hybrid work that we’re in, the reason that we’re here is because people want more autonomy and more freedom over how they work. Julie Whelan

Latest News Stories And Headlines Impacting the World Of Work:

?? Zoom Terminates Its President

On Friday, Zoom Video Communications?abruptly terminated?its president Greg Tomb, who had only joined in June.??

He is entitled to severance benefits as it was “termination without cause.” According to a regulatory filing, Tomb was granted $45 million in stocks that would vest over four years, with an annual salary of $400,000. Read Why It Matters.

??Biden’s New Cybersecurity Strategy Puts Responsibility On Tech Firms

On Thursday, the Biden administration?unveiled?their comprehensive cybersecurity strategy — a call to tech companies to reinforce their protective measures and to the FBI and Pentagon to strengthen the interruption of hacking and ransomware campaigns.??

Designating China and Russia as the country’s biggest cyber adversaries, the plan recommends the formulation of laws and regulations that will hold companies liable for not providing robust cyber security to essential infrastructure.??

It also suggests forming more public-private partnerships and modernizing federal computer systems to be better prepared for the looming cyber threats. Read Why It Matters.

?? Despite Layoffs, Jobless Claims Fell Again Last Week

The Labor Department has announced that the amount of initial unemployment claims had plummeted to 190,000 last week — a decrease of 2,000 from the previous week, which illustrates a robust labor market.?Read Why It Matters.

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