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.
But Amzon adding 100k jobs Pizza companies 80k Deliveries companies 600k jobs Sams club, all are Adding ..
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