CCI nod to Embassy Group’s acquisition of WeWork India
The decision formalises the proposed deal of WeWork Global to exit its operations in India
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The Brief: Office Spaces Duck Slowdown Fears
Pick up in flex spaces to more than make up for dip in demand from IT and other segments.
WeWork casts doubt over ability to continue as ‘going concern’
Cash-strapped office-space leasing firm’s net loss for Q2 2023 stands at $397 mn; revenue up 4%
WeWork India raises funds from BPEA Credit
The funds will be used for future growth and potential consolidation opportunities.
Spotify to shut offices for a week to allow employees to ‘recharge’
Spotify joins list of companies prioritising employee well-being to provide best working environment. As part of ‘Wellness Week’, all Spotify offices will be closed everywhere in November.
WeWork India announces 10-day ‘Diwali break’ for employees
The coworking space major says the surprise holiday break will help the employees celebrate Diwali with family and loved ones. A similar initiative has been taken by e-commerce startup Meesho.
Flexible workspaces key to thriving work culture
As we move ahead with flexible and hybrid work models, office spaces are bound to undergo changes that will impact business operations as well as company culture.
WeWork’s brutal markdown saga: The big question
The new economy playbook has started wearing out. The signs are ominous. Positioning oneself as a tech company—exaggeration, outright lie, or the truth—is all shades of grey now.
WeWork is shaken, Embassy stirs into action
Less than a month after WeWork’s IPO was postponed and Adam Neumann stepped down as CEO, Embassy Group-run WeWork India is looking to raise $200 million to fund its growth.
Embassy to raise $200 mn to grow WeWork in India
The Bengaluru-based real estate developer plans to almost double WeWork India’s flexible space operations over the next 12 months.
