article thumbnail

Blackstone Exploring Lucrative Exit Options From The Office Group, Asking £1.5B For Its Majority Share

Allwork

It’s reported that the firm wishes to capitalize on TOG’s market position and resilient business structure — with a deal possibly being made by the first quarter of 2025. TOG, a major WeWork competitor, has benefited from post-pandemic trends in the workforce, expanding its presence to over 60 locations in central London.

2025 278
article thumbnail

WeWork Suspends $6.4M Interest Payment Amid Debt Struggles

Allwork

On October 31, WeWork disclosed its decision to suspend the interest payment due on November 1 on senior notes maturing in 2025, despite having sufficient funds to meet the payment. Despite these setbacks, WeWork managed to go public in 2021 but at a significantly diminished valuation. The company now enters a 30-day grace period.

2025 261
Insiders

Sign Up for our Newsletter

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

article thumbnail

6 Green Employee Benefits Companies Can Offer to Reduce Their Carbon Footprint

Success

This includes tasks like clearing out old files, unsubscribing from unnecessary emails and optimizing cloud storage,” as well as organizing folders and emails and uninstalling unused apps and computer programs. “It’s The next Digital Cleanup Day is scheduled for March 15, 2025. The organization says that since 2020, nearly “1.2

article thumbnail

Emerging Technologies for Administrative Professionals

All Things Admin

Gone are the days when filing, phone skills, and semi-legible shorthand were key requirements for an admin job. According to the World Economic Forum , the workforce is automating even faster than expected, with 85 million jobs expected to be displaced by 2025. That settles it, right? Not so fast!

article thumbnail

5 Strategies to Improve Your Recruitment Management System

Recruit CRM

Research claims that the Recruitment Management System market will hit $1312 million by 2025 with a compound annual growth interest of 4.5% during the 2020 to 2025 forecast period. If you’re working with recruitment or Human Resources, you’re no stranger to a Recruitment Management System or RMS.

article thumbnail

Texas Judge May Halt Overtime Pay For 4 Million Workers

Allwork

Under the new regulation, the salary threshold will increase to $43,888 on July 1 and to $58,656 on January 1, 2025. The new regulation significantly increases the salary threshold from the current $35,500 set in 2019 to approximately $58,600 per year.

Salary 279
article thumbnail

The Top 10 2025 Coworking Megatrends: A Renaissance In The Making

Allwork

Heres what AI concluded about the key trends I identified last year: WeWorks Bankruptcy: WeWork filed for bankruptcy , as expected. 2025 Megatrends: The next renaissance of coworking is coming. A Glimpse of Hope WeWorks Re-birth: I believe WeWork could achieve profitability in 2025. Spoiler alert: many came true. Are you ready?

2025 299