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According to foreign media reports, people familiar with the matter revealed that due to layoffs and ** business, WeWork expects to lay off 500 people in the technology department, which employs a total of about 1,500 software engineers, product managers and data scientists. It is possible to shift to a business model that makes it a technology company. The move could further weaken WeWork's identity as a technology company in the real estate industry.
The company plans to lay off a total of 1,500 to 2,000 jobs, but the layoffs are likely to be phased out, and specific plans are still being discussed. Other sectors that could be hit include marketing, real estate, recruitment and design, the person said. The company currently has between 10,000 and 10,000 employees, according to people familiar with the matter.
A WeWork spokesperson declined to comment.
WeWork has been tumultuous in recent weeks. The company's chief executive, Adam Neumann, was forced to resign from his top job last month. The company abandoned its IPO plans due to weak investor demand and concerns about the company's earnings potential.
The company referred to "technology" nearly 100 times in its IPO filings. The technology-focused WeWork product includes an app that allows customers to send messages to each other and software that helps customers set up their offices.
Currently, the focus on technology has become more uncertain as companies continue to be in turmoil. The move to streamline the technology department will allow the company to save even more money because it can be achieved quickly, as the salary and distribution of staff in this department tend to be higher than in other departments.
Employees are concerned about how technology will fit into the future. Co-CEO Artie Minson said last week that the company would return to "the roots of our core WeWork business." Executives revealed they still plan to open hundreds of new locations this quarter.
At an all-hands meeting last week, an employee asked if WeWork was shifting its focus from technology to something else. According to the recording of the meeting reviewed by foreign media, Sebastian Gunningham, another co-CEO of WeWork, is not sure of the answer. Therefore, there are many reasons for this decision, not only can not afford to raise or need to be summarized.
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Because as the investment in funds is becoming more and more insufficient, it is no longer possible to support some technical personnel.
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I don't think it's necessary, because a lot of things are intelligent now.
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I don't think it's necessary, maybe there are enough people, as long as the kind of technology is good and excellent employees.
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I don't think it's necessary, after all, they still have high technical requirements.
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I think these people have no value and can't make a substantial contribution to the plan.
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With the development of technology, fewer and fewer people are needed, so layoffs are carried out.
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Maybe you can't afford it, after all, the salary of technicians is very high.
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Maybe this probably doesn't really need to be about so much.
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It's not that you can't afford it, and now you need more technical talents, and some can be mechanized.
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Policy risk analysis, economic risk analysis, regional real estate market supply and demand analysis, competitive environment analysis, product research, customer research, future market prediction, marketing strategy research.
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Sensitivity analysis in the evaluation of real estate investment projects is the sensitivity of the main indicators (such as internal rate of return, net present value, and investment period) of the economic effect of the investment project to the changes caused by the changes in the main change factors.
If a variable factor changes very little, but has a large impact on the economic indicators of the project, we consider the project to be sensitive to that variable.
in practical work.
It is necessary to strictly control and grasp the factors that have a great impact on the sensitivity of economic performance indicators.
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It should not have an impact, you first look at the relevant information of others before making a judgment.
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The real estate industry was asked more about what sensitive topics in the live broadcast room, that is, there are more ** problems with houses.
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According to the definition of environmentally sensitive protection objectives, the average enterprise is not considered a sensitive area. It is advisable to understand the health protection distance (noise, gas) of the enterprise according to the actual situation, and consider the impact of the enterprise on the real estate project you are doing.
The Prospective Industry Research Institute summarizes the sensitive objectives: 1) nature reserves, scenic spots, world cultural and natural heritage sites, and drinking water source protection areas;
2) Basic farmland reserves, basic grasslands, forest parks, geological parks, important wetlands, natural forests, natural concentrated distribution areas of rare and endangered wild animals and plants, natural spawning grounds and feeding grounds for important aquatic organisms, wintering grounds and migratory passages, natural fishing grounds, resource water shortage areas, key soil erosion prevention and control areas, desertified land closure and protection areas, closed and semi-enclosed sea areas, and eutrophication waters;
3) Areas with residence, medical and health care, culture and education, scientific research, administrative offices, etc. as their main functions, cultural relics protection units, and protected areas with special historical, cultural, scientific, and ethnic significance.
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100% of the people who enter the sales office want to buy a house. There is also money to buy a house. All you do is dispel their doubts, and they will buy a house.
In addition, you say that attracting customers is not reliable in itself. Except for the ads at the beginning. Later, those who went to your sales office generally looked for it on the Internet and then went to your real estate. After all, this is not a few dozen or hundred. It's okay to be more expensive or cheaper, so keep an eye on your customers. Reassure them of their doubts. If they don't buy a house after that, then they must have a better choice. In addition, you need some small means, and it is up to you to realize it. After all, sales itself is not a one-size-fits-all thing.
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