WeWork closes two floors of NYC office after worker diagnosed with coronavirus

March 12, 2020
Share this Post: 

With the recent and growing concerns and initiatives in place to deal with the coronavirus, WeWork has decided to take precautions by closing two floors of a building that it occupies in New York City after a worker was tested positive for COVID-19.

The employee worked at WeWork subsidiary Meetup, which had a full floor of the building in midtown Manhattan. Another floor in the building that was used as common space for both WeWork employees and the company's office-sharing clients also was closed. 

It is the second building to be shuttered temporarily in New York because of the coronavirus and the fifth of WeWork's properties to be closed worldwide. WeWork temporarily closed an office in Seattle, which has recently been re-opened.

The coronavirus concerns are the latest woes for a company that until recently was considered one of the world's hottest startups, with an estimated value of nearly $50 billion. But the future of WeWork and the coworking economy it represented has been in doubt since last fall, when the company called off a planned initial public offering and dumped Founder and former CEO Adam Neumann. 

The spread of the coronavirus in the U.S., which raises questions about the wisdom of open office spaces, could deal another painful blow to WeWork. The company's business model is predicated on convincing people to work nearly elbow-to-elbow with strangers, and even to share a beer with them in WeWork's famous office happy hours. 

Read more here

Read more

March 12, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hiring Roundup 26 April
People Roundup: Lamudi Philippines, Private Property

This week's hiring roundup is shorter, but our two stories both come straight from the C-suite.   Lamudi Philippines hires...

Read More
Funding Roundup 26 April
Funding Roundup: Zefir, Jubenial

This week's funding roundup includes another iBuyer that is no longer an iBuyer, and an interesting marketplace for the older...

Read More
Product Roundup 26 April
Product Roundup: Zillow, Dubizzle, Lifull, Homming, Homesearch

The portal wars accelerated in earnest in this week's product roundup, while we've spotted two more "money-focused" updates from Dubizzle...

Read More
Nar Settlement To End Buyer Agent Commissions
Judge Approves $418M NAR Settlement—Buyer Commissions to be Eliminated?

In a major change to the industry, home sellers in the United States will no longer be required to offer...

Read More

Editor's Pick