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I think it is full scale close shop not just retrenching staff...this round of retrenchment for most companies is uncalled for and indirectly caused by trump...valuations of companies are way too high for what they are worth on the dow nasdaq hsi etc...so in order to report higher profits have to cut lor..
Wework is not a new idea. Use of office space and equipment have been offered for decades based on usage and monthly payment. Plus take messages, receptionist etc.