article thumbnail

WeWork Preparing to File for Bankruptcy Amid Massive Debt and Losses

Allwork

WeWork is reportedly preparing to file for bankruptcy as soon as the coming week, according to an insider, due to the company’s significant debt and considerable losses. The flexible workspace provider is contemplating filing a Chapter 11 petition in New Jersey, as per the WSJ’s sources.

Filing 162
article thumbnail

Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Setting up employee personnel files is an important part of the recordkeeping process. However, sometimes people mistakenly think of these files as a catch-all for an individual’s paperwork. Rather, understand that general personnel files serve a distinct purpose. What to include in an employee’s personnel file.

Filing 121
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nobody Likes Dealing with Death—Until They Attend One of Amy Pickard’s Humorous ‘Good To Go!’ Parties

Success

The list was a booklet called Departure File , which she still sells today. She also knew most people would probably not want to answer the questions in the Departure File , so she decided to create a party where everyone filled out the answers. “I And it’s landing.” Like her mother, her father died suddenly.

Filing 299
article thumbnail

8 Tools To Help Build An Efficient Asynchronous Workflow

Allwork

At the Zoomtopia 2023 event , the company unveiled its vision for the future of work, which places an emphasis on hybrid collaboration and new AI-driven enhancements for its software. Some of the features include file sharing, voice and video calls, workflow automation, and data encryption. billion in revenue last year — a 7.3%

article thumbnail

Former CEO Adam Neumann Not Backing Down in Fight For WeWork

Allwork

According to Bloomberg’s coverage of the event, Neumann sees a future where WeWork’s office spaces and Flow’s apartment buildings might be integrated under one company. Flow is Neumann’s latest start up.

Filing 130
article thumbnail

Remote Work Implications: What Will Happen to WeWork’s 700,000 Members?

Allwork

If the coworking company files for bankruptcy, members won’t automatically be pushed out of their office spaces, according to Forbes. However, the company is allowed to kick members out of their buildings if it decides to cancel the leasing agreements it has with landlords.

Filing 246
article thumbnail

Landlords Push Back on WeWork’s Financial Plans

Allwork

However, the company itself struggled to turn a profit since going public in 2021 and made headlines across the world last month as it filed for Chapter 11 Bankruptcy in New Jersey on Nov.

Finance 147