Updated Aug 6, 2018

Exclusive: WeWork hires ex-Salesforce exec to redesign others' offices

WeWork office. Photo: MANDEL NGAN/AFP/Getty Images

WeWork has hired ex-Salesforce and AppDynamics exec Kendall Collins to oversee its technology it continues to grow its “Powered by We” business, through which it helps companies redesign and even manage their offices.

Why it matters: WeWork's business model has long been in question, especially as its valuation rose to $20 billion last year. The company has been diversifying its revenue streams by signing up large companies as multi-year customers, and now by offering services in their offices.

The company debuted Powered by We in early 2018 as an attempt to extend its brand beyond the walls of its own buildings, where businesses rent office space on a monthly basis.

  • The idea is for WeWork to use all that’s it’s learned about office design, in addition to its efficiency in construction, and apply it to these companies’ own offices. A customer can use WeWork just for its design help, or for the renovation, or even for help run the space once it’s done with office managers.
  • Currently there are no plans to only make WeWork’s tech tools (guest management software, spatial flow analytics, etc.) available to customers, though the company is still in the early days of this initiative, according to a spokesman.
  • Powered by We has 30 customers at the moment, including UBS, which is its biggest one so far.
  • More broadly, enterprise customers now make up 25% of WeWork’s members. From June 2017 to June 2018, it’s more than doubled.

The big picture: In a way, Powered by We seems to concede that WeWork’s original thesis that businesses no longer want to sign 10-year leases for an office and want flexibility, isn’t quite true for everyone. Instead, these companies prefer to control their own real estate, and WeWork wants to get them as customers by selling the “community” it claims is found inside its offices.

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Top Trump ally sounds 2020 election alarm over coronavirus response

Photo: Jim Watson/AFP via Getty Images

There is growing concern among top conservative leaders that the Trump administration isn't addressing the long-term economic impact of the coronavirus, several sources tell Axios. One top adviser said if the recovery is bungled it could cost President Trump the election.

What we're hearing: "The next 4-8 weeks is really going to decide whether Trump gets reelected," Stephen Moore, Trump's former nominee for the Federal Reserve board, told Axios. If the administration mishandles its economic recovery efforts, he said, Trump is "in big trouble."

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 1,600,427 — Total deaths: 95,506 — Total recoveries: 354,006Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 465,329 — Total deaths: 16,513 — Total recoveries: 25,410Map.
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  4. Business latest: The Fed will lend up to $2.3 trillion for businesses, state and city governments — After another 6.6 million jobless claims, here's how to understand the scale of American job decimation.
  5. 2020 latest: Top conservative leaders are concerned the Trump administration isn't addressing the virus' long-term economic impact.
  6. States latest: FEMA has asked governors to decide if they want testing sites to be under state or federal control.
  7. World latest: Lockdowns have led to a decline in murders in some of the world's most violent countries — Boris Johnson is moved out of the ICU but remains in hospital with coronavirus.
  8. In Congress: Senate in stalemate over additional funding for small business relief program.
  9. 1 SNL thing: "Saturday Night Live" will return this weekend in a remotely produced episode.
  10. What should I do? Hydroxychloroquine questions answeredPets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  11. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Federal court temporarily blocks coronavirus order against some abortions

Gov. Greg Abbott. Photo: Tom Fox-Pool/Getty Images

A federal judge ruled Thursday that clinics in Texas can immediately offer medication abortions — a pregnancy termination method administered by pill — and can also provide the procedure to patients nearing the state's time limits for abortions.

Driving the news: The decision comes after federal appeals court ruled 2-1 on Tuesday in favor of an executive order by Republican Gov. Greg Abbott that prohibits abortions during the coronavirus outbreak.

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