Working at WeWork
Has anyone worked for WeWork & able to share your experience? Reviews online are mixed & quite dated with it mostly being either negative or average..
Apart from the bs Neumann got up to & the attempted IPO, why is the company hated so much? Genuinely curious lol
I don't know if anyone actually hates WeWork. Co-working is still a good idea and the spaces they create are often visually stunning.
People just scoff at WeWork because of Neumann, the cult-like atmosphere he created, and the idea that WeWork is anything other than a hip Regus. It's not a tech company. It's not a "lifestyle." It's just office space.
Appreciate the feedback. Yeah I didn't get why they're known as a tech company either.
Calling themselves a tech company "justified" the staggeringly inflated company valuation
Their spaces are so so much better than Regus. The sector really needed someone to come in and compete.
Very true.
Still doesn’t need to be valued like the next Amazon, though
Do you mean like being a WeWork employee or renting space there?
From the employee side, I hear it sucks. Before 2019, it was fun because you get to go to their summer camp. But after, it’s disorganized, people are being given titles/responsibilities beyond their level.
Thanks for the feedback. Yeah I meant from an employees perspective. It's crazy that after 2 years there's still no internal change, thought that since Neumann left, new Management might be able to take better charge. Just thinking if it's a good idea to have them on your CV, aside from the fact that they're pretty big & well known etc..
I know a few people who work at WW, both staff on the ground and management.
There is a lot of in-house marketing going on, you have to live and breathe the brand. Their equipment and training is top notch (macbook pros in London) and the culture is good if you are young/active/social, etc. Not the best place if you are more senior or a more traditional manager.
The concept is still a good one, post pandemic people will most likely adopt more remote work or remote locations.
If you are in VC you will meet lots of startups in those places.
Thanks man, appreciate the feedback. Hopefully it's like this worldwide haha
Working on a Macbook seems like a con not a perk lmao
Well, those folks don't actually do any real work anyway. all they have to do is some light CRM, selecting/ordering vegan food options, and a few artists. Then a few emails and staff management... that's it.
OMG, being NYC based, I've literally must have known 20+ people who took jobs at WeWork (both junior and senior levels), and I don't think a single one still works there. This was all during the "Adam" period (go watch the Hulu documentary!).
I'd guess it is different now (I mean I hope it is), but they are now in more of a "turnaround" stage than a growth stage, but I wouldn't be shocked if they open new spaces in some markets (on very different terms with the landlord, but at the end of the day, co-working can be a great solution for otherwise hard to lease space).
So, bottom line, probably worthwhile only considering very current reviews/statements, but until they are really profitable, I'd still consider them a risky bet.
Appreciate the feedback, thanks!
Working there now compared to years ago would not be the same what so ever. No one with any chops really works there anymore, couple solid deal makers took on more money to stay but no where near the same level of talent as before. On the Ops side it’s not as different, from the real estate side it’s entirely night and day
That's interesting, I know of people who've left large IB & Tech companies to join WW so it's pretty varied I guess. It's all very weird lol
For what kind of roles? That’s a weird move to be honest….. if you’re a large broker with a bunch of relationships and deals to be made that makes sense, otherwise, why?
I'll echo the above.
I interviewed there in 2020 and was not impressed with the talent or compensation. On top of that, they specifically said that they were not offering any RSU's or equity form of comp. (not surprising given the events) while their salary was below-par and they were wanting everyone to be physically located in NY.
Yeah I haven't heard of them offering RSU's / Equity comps which is too bad as that would be quite good. Not sure about salary but I doubt they would pay as high as traditional RE companies.
I was making nearly double at WeWork as I did at Westfield… their pay used to be incredible, not so sure anymore
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