Allwork

JANUARY 29, 2025

The company said more than half of the total reductions would come from closing open positions, while the rest from eliminating roles currently held by its associates. The company had about 96,000 employees in 2023, including nearly 36,000 full-time and 60,000 part-time workers, according to its latest regulatory filing.

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JULY 11, 2022

Just days ago, Elon Musk made a move that likely did not come as a shock to anyone: he filed to back out of his Twitter acquisition deal. . After Musk revealed his intentions to walk away from the purchase, Twitter’s shares fell 6%, further hurting the company’s reputation in the eyes of investors or other potential acquirers.

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ProAssisting Blog

DECEMBER 14, 2023

They manage schedules, handle emails, organize files, and take care of various administrative duties. Choosing to partner with the right remote executive assistant company aligned with your business needs is crucial. This enables business leaders to focus on strategic initiatives without getting bogged down by administrative tasks.

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SEPTEMBER 6, 2023

Companies that want to win in the current talent wars would be wise to listen to the growing chorus of calls to embrace an employee experience design approach to managing their workers. Physical Environments For many generations, the workplaces that companies provided their employees were something of an afterthought.

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JUNE 13, 2022

How is this beneficial for companies? . In a normal cloud storage method, all company and employee information are gathered and stored in large data centers, which often falls victim to downtime and outages when the facilities go offline. The post Could Companies Benefit From Implementing Decentralized Cloud Services?

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MAY 1, 2023

What’s going on: Investors from 60 major companies including Walmart Inc. have filed over 140 shareholder resolutions this year, according to Bloomberg. Why it matters: The growing attention to employee-related issues is shifting the way companies structure their corporate cultures around the world.

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AUGUST 19, 2024

Despite suffering a substantial year-over-year loss in the millions, Smartworks , a prominent shared workspace provider in India, has filed to take its business public. The company announced it had cut its net loss by 51% to INR 49.8 million) for the financial year 2023-24 (FY24). This figure was down from INR 101.02

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APRIL 2, 2024

Census Bureau data reveals a major spike in entrepreneurs filing applications for new businesses in 2023. According to Gusto’s 2024 New Business Formation Report , women and minorities have been at the forefront of this entrepreneurial boom — despite facing challenges in accessing funding.

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OCTOBER 31, 2023

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.

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Small Business Labs

AUGUST 15, 2019

WeWork released its S-1 this week, which is the legal document a company files prior to going public.  It's also a highly watched and controversial company, particularly due to its high private valuation and steep losses. Because of this interest, the S-1 filing is getting a lot of attention.

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NOVEMBER 1, 2023

WeWork is on the brink of filing for Chapter 11 bankruptcy protection, which could happen as early as next week. Following the Tuesday afternoon reports, WeWork’s shares plummeted by 37% in pre-market trading, according to CNN Business. During regular trading stock market hours this percentage reached over 40%.

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MARCH 21, 2024

The San Francisco-based home rental platform publicly expressed interest last month following news of WeWork’s ousted cofounder Adam Neumann revealing his desire to repurchase the company — although Neumann’s discussions with hedge fund manager of Third Point, Dan Loeb, have not led to any official commitments for a bid.

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BMT Office Administration

NOVEMBER 21, 2022

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.

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Success

AUGUST 5, 2022

Now imagine taking all the files out of the folders in your computer and dumping them on the desktop. Programs, documents, videos, audio files—you put thousands of stored items randomly on top of each other. If your file is the stove, catch whatever you’re filing on fire. Associations for the remaining files.

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MARCH 26, 2024

According to a report published by The Guardian , Neumann’s new property company, Flow, submitted the potential bid for WeWork on Monday. The development comes at a time when WeWork faces numerous challenges related to its Chapter 11 bankruptcy filing, filed in November 2023.

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MARCH 1, 2024

According to a report published by The Wall Street Journal , the struggling coworking giant’s junior creditors committee is seeking court approval to sue SoftBank, WeWork’s largest shareholder, amidst allegations of financial maneuvering ahead of WeWork’s bankruptcy filing. billion in new secured debt.

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APRIL 2, 2024

In a recent court filing, WeWork disclosed February 2024 financial statements revealing a $122 million monthly loss. According to a report published by BisNow , the company recently downsized four locations while revealing plans to reject a lease in Salt Lake City. million loss in January to $122 million in February.

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JANUARY 25, 2024

As WeWork moves onward with its dramatic restructuring efforts , the company is being accused by some of its landlords for withholding millions in rent payments. bankruptcy code, which doesn’t allow companies to ignore rent payments.

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FEBRUARY 29, 2024

According to a company blog post published in 2017, when the lawsuit was filed , “Tesla is absolutely against any form of discrimination, harassment, or unfair treatment of any kind.

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FEBRUARY 13, 2024

A coalition of WeWork noteholders has made a decisive move by filing a motion in the bankruptcy court in New Jersey to appoint an examiner for a thorough investigation into the company’s Chapter 11 proceedings. This contentious move reveals more about the complexities of WeWork’s financial challenges.

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OCTOBER 4, 2024

Swedish trade union IF Metall has filed a lawsuit against Tesla alleging the company failed to inform employee representatives of workplace changes, which is mandatory under the country’s labor laws, union officials said on Thursday. It was IF Metall’s second lawsuit this year alleging that the U.S.

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APRIL 23, 2024

WeWork, which entered Chapter 11 bankruptcy in November 2023 after enduring persistent financial difficulties for several years, is attempting to raise at least $400 million in fresh capital to support its exit from the bankruptcy process. Last month, the company stated that its eyeing May 31 as a goal/date to emerge from bankruptcy.

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JUNE 12, 2024

A class action lawsuit has been filed against RTX Corporation, previously known as Raytheon Technologies, for allegedly discriminating against job seekers aged 40 and older. We believe these claims are entirely without merit and we will actively defend our hiring practices,” company spokesman Chris Johnson said.

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Allwork

MARCH 3, 2023

This came after the company laid off 1,300 workers due to “mistakes” Yuan said he made. How it’ll impact the future: Questions remain as to who will fill Tomb’s shoes as President of Zoom; when pressed for comment, a spokesperson from Zoom stated that the company will not appoint a successor, and declined to elaborate further.

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Allwork

SEPTEMBER 28, 2022

“Flexible office space occupancy in Miami is at an all-time high, allowing newly migrated entrepreneurs and companies to enter the market and grow as needed,” said Scott Wadler, managing director at Berkadia, which helped arrange the $11 million loan to reconstruct the building.

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AUGUST 10, 2022

Hospitality company Selina has announced that it has filed a registration statement on Form F-4, also known as the “truth in securities” law. . The filing with the U.S. If and when the transaction is complete, the newly merged company will trade under the ticker SLNA. .

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MARCH 20, 2024

WeWork is still mired in problems during its ongoing Chapter 11 bankruptcy restructuring efforts as it once again delayed filing its annual financial report. bankruptcy laws require companies to continue honoring lease agreements until they are officially rejected through court. The flexible workspace provider also reported a $153.7

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APRIL 24, 2023

What’s going on: Regus is claiming that the video game company owes them around $2.1 In March, Clint Reilly Landmark Properties filed a lawsuit against coworking company Knotel, owned by Newmark Group Inc, asserting that they had not been receiving payments for its 15,000-square-foot lease of their 465 California St.

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Allwork

MAY 15, 2023

What’s going on: Vice Media – a digital media and broadcasting company that was once considered a promising alternative to traditional media – has filed for bankruptcy, according to The Wall Street Journal. Other new media companies like BuzzFeed and Vox Media have faced similar struggles.

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Allwork

JUNE 11, 2024

WeWork announced today that its CEO David Tolley will step down after the company completes its bankruptcy proceedings. Prior to this role, he held the position of Tri-State Chairman at the global real estate services company Cushman & Wakefield. This signals a fresh start for the firm once hailed as the most valuable U.S.

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JUNE 21, 2022

A new lawsuit has been filed against Tesla, accusing the electric car company of unlawfully firing numerous workers without providing advance notice. . Filed by two former Tesla employees over the weekend, the suit claims over 500 staffers were fired from Tesla’s Sparks, Nevada plant recently. .

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FEBRUARY 1, 2023

This could lead to major changes for the iPhone maker, as the labor board is known for enforcing workers’ rights in cases like this.

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Allwork

MARCH 30, 2023

The company anticipates taking impairment charges in the range of $170 to $200 million, as revealed in an SEC filing. What’s going on: On Wednesday, video game giant Electronic Arts announced they were reducing their workforce by 6% (a total of 800 jobs), as well as scaling back their office space.

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JULY 18, 2023

These agreements typically prevent workers from filing or participating in traditional class action lawsuits. That ruling in that case stated that companies could force individual PAGA claims into arbitration. The California Supreme Court’s ruling could also lead to more large-scale lawsuits against employers in California.

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MARCH 6, 2024

The company also claims Musk had made a proposal for majority equity, board control, and the CEO position, but the board rejected the proposal to prevent any individual from having “absolute control,” over OpenAI.

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JULY 19, 2023

is facing its second lawsuit within a month that claims that the company owes over $500 million in severance pay to former employees, according to Reuters. What’s going on: Twitter Inc. It also sheds light on the importance of honoring contractual obligations to employees, particularly in terms of severance pay.

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Allwork

FEBRUARY 20, 2024

In court filings WeWork is stressing its business restructuring and the renegotiation of lease agreements to alleviate unsustainable rent expenses.

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