Brookfield-backed Convene just laid off 20% of its workforce as the coronavirus upends flex-space and events industries
Convene, the event and coworking company backed by Brookfield, laid off nearly 150 employees on Thursday, Business Insider has learned. The company is also furloughing an unspecified number of its operational and front-of-the-house employees.
The New York-based company has 30 locations in the US and London, with about half in New York. Convene had about 900 employees at the end of 2019, CEO Ryan Simonetti told Business Insider in a. At that point, he said he planned to hire 400-500 new employees this year to keep up with the company's expansion.
A company spokesperson confirmed the layoffs and furloughs, and noted that no additional layoffs are planned.
"After closing all of our locations, we have had to take the additional measure of saying goodbye to nearly 20% of our team across the company and furloughing others, while ensuring they receive compensation and healthcare coverage for an extended period. This is incredibly difficult for us, but we're taking every measure possible to do right by our employees by providing both severance and healthcare coverage while ensuring we sustain our business for the long-term.
Unlike WeWork, Convene has focused on event space more than office space, offering higher-end amenities and services. As companies cancel meetings and conferences, their spaces may stay empty for some time. The company has raised $260 million in funding, including a $152 million Series D round of funding this summer that included investors ranging from asset management giant Brookfield to private equity magnate Leon Black's family office.affecting 1,000 staff.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Danny Meyer's Union Square Hospitality Group lays off 80% of workforceRestaurants across the country are laying off workers as the coronavirus outbreak closes dining rooms.
続きを読む »
Call It a Layoff, a Furlough or a Cut Shift: Americans are Losing WorkEmployers are cutting shifts, suspending work and starting to lay off workers as the new coronavirus devastates business across the country. 'It’s kind of a demoralizing thing.'
続きを読む »
No layoffs, reduced rent: 'Italian cure' for pandemicCompanies are barred from laying off workers and rents have been reduced under Italy&39;s economic survival plan for life at the European epicentre of the coronavirus pandemic. Prime Minister Giuseppe Conte hailed his 25-billion-euro ($28-billion) programme as the "Italian model" that the
続きを読む »
Relief: Meals and essential supplies for restaurant workers at Nancy Silverton's Chi SpaccaChi Spacca space will pack free meals and supplies to-go for laid off restaurant workers.
続きを読む »
The Livelihoods of Food-Service Workers Are Completely UncertainAs restaurant services become increasingly limited, unsalaried servers, bartenders, line cooks, and dishwashers could go without pay or be laid off entirely, without a clue as to when they’ll come into gainful employment again
続きを読む »
Gen Z workers will likely bear the brunt of the coronavirus layoffs - Business InsiderThe coronavirus outbreak is costing young service workers more work hours than any other demographic, Harris Poll found.
続きを読む »