The company raised $400 million in August at a $1 billion valuation.
The coronavirus is hitting real estate hard as offices across the country temporarily shutter and tenants struggle to pay rent.The company laid off 127 employees – 30% of its workforce – and furloughed 68, which is 20% of its global employee base. The cuts were distributed evenly across Knotel's 17 markets, a spokeswoman said.
Other flexible space companies have cut staff as they close locations and their tenants struggle to pay rent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
But Amzon adding 100k jobs Pizza companies 80k Deliveries companies 600k jobs Sams club, all are Adding ..
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 things in tech you need to know today - Business InsiderNine Tesla employees criticized the company's response to the novel coronavirus in interviews with Business Insider.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus: McDonald's cuts back on menu, ends All-Day Breakfast - Business InsiderMcDonald's is cutting down its menu and will no longer serve breakfast all day due to the coronavirus outbreak. Yao.. the Burger Bag like Santa. hhhahha take that FAN box... Handlez.. cook them first automatic ukno.w... micro- ice ceram fries... trucx and Bments... - Boof. So McDonalds isn't giving out free Happy Meals during the coronavirus crisis like the mom Facebook groups say?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Next cities hit hard by coronavirus: Boston, Detroit, Philadelphia - Business InsiderBoston, Detroit, New Orleans, and Philadelphia are among the cities which could see a severe uptick in COVID-19 diagnoses.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Two Tesla employees test positive for coronavirus: company emailTwo employees of Tesla Inc have tested positive for coronavirus but have been wo...
Source: Reuters - 🏆 2. / 97 Read more »