Two days ago, WeWork filed for bankruptcy, and I felt quite a bit of schadenfreude. Why? In 2021, WeWork CEO Sandeep Mathrani was one of the first to publicly vilify remote workers.
In the Wall Street Journal, he described people who want to work from home as the least engaged employees. And he’s been on my shitlist ever since.
The decline of the office-sharing wunderkind — once valued at $47 billion — proves my pet conspiracy theory: Companies are pushing people back into their cubicles to stop office real estate value decline.
When it comes to investors’ money, the negative impact on people’s lives is a price they’re willing to pay.