Coworking Spaces See Resurgence as Companies Reassess Office Needs
Coworking spaces are experiencing a resurgence as companies grapple with return-to-office mandates and uncertainty surrounding the future of work, according to Fortune. Companies like Amazon and JPMorgan, which previously led the charge in requiring employees to return to the office five days a week, are now embracing coworking spaces to accommodate their workforce.
The shift comes amid tensions over return-to-office policies and a desire for flexibility. Amazon, which mandated a full return to the office for its nearly 350,000 corporate employees in early 2025, faced challenges with desk and parking space availability. In response, the company leased space with WeWork, adding 259,000 square feet at 1440 Broadway in Manhattan to its existing 300,000 square feet at the building, according to Fortune. WeWork also operates two other Amazon offices with 702,000 square feet in Manhattan.
The move towards coworking spaces reflects a broader trend among Fortune 500 companies to demand more tangible results from employees. Meta CEO Mark Zuckerberg is reportedly placing greater emphasis on rewarding high performers as part of a tightened review system, according to Fortune. Amazon CEO Andy Jassy asked corporate workers to submit three to five accomplishments that demonstrate the impact of their work, as part of a revamped performance review system that helps determine future pay, according to Fortune.
In other news, Elon Musk's social media platform X experienced a significant revenue decline in its U.K. operations. Financial disclosures filed with Companies House revealed a 58% revenue collapse during 2024, according to Fortune. X's U.K. arm reported revenue of £39.8 million for the year ending Dec. 31, 2024, down from £95.2 million in 2023, according to Fortune. The decline is attributed to advertisers fleeing the platform amid concerns about the brand and its owner.
In international news, former U.S. President Donald Trump threatened to end U.S. support for Iraq if Nouri Kamal al-Maliki returns to power, according to Time. Trump posted on Truth Social, stating that if al-Maliki is elected, the United States of America will no longer help Iraq and, if we are not there to help, Iraq has ZERO chance of Success, Prosperity, or Freedom, according to Time.
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