[fullshark]

I have no idea how many people it takes to negotiate global real estate deals, maintain locations, etc.

IWG plc which is their major competitor has 9,000 people so I'm not sure it's that crazy. Might explain why they want to trim 25% also!

https://en.wikipedia.org/wiki/IWG_plc

[martinald]

IWG has ~3500 locations though, so on average say 3 people per location. WeWork has closer to 25, so basically 10x people per location managed.

IWG has a lot of franchised sites, but so does WeWork, as far as I know China + India are franchise operations or something similar.