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3 Reasons why a WeWork and WorkSocial merger will prove to be advantageous

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Justin Maakhttps://www.resticmagazine.com
I cover business topics for Restic Magazine. I have a master’s degree in journalism from Columbia University and live in New York City. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside.

WeWork has a successful track record in the past of attracting businesses to its services and has had an established client base before. At their peak, WeWork was able to buy up large amounts of real estate, which was funneled back into their business operation, helping them to grow further. From the outside, WeWork presented itself as a Silicon Valley startup success, and all was well for those not within the inner circles of the company. Upon its public offering, it revealed a number of damning aspects of the business which ultimately led to its eventual decline.

Follow our reasoning on this article and discover 3 reasons why WeWork and WorkSocial would benefit greatly from a merger.

A new beginning

WeWork has had its heyday, and its reputation nowadays is not the greatest. Through a merger with WorkSocial, it is able to rebrand itself as a new company, one that leaves its old reputation behind and moves forward. New values and ideas can be brought to the organization, and the old disadvantageous aspects of the past can be forgotten.

Remove itself from its old reputation

WeWork is currently suffering from a poor reputation for a number of different reasons. Reputation is everything in the business world and having a poor one can spell the end of your business as you know it. Word spreads like wildfire, and with the communication available through the Internet, reputations can be damaged and stay damaged in an instant, in the digital age. It is possible to rebuild a reputation after it has been damaged, but a full reset through a merger is the best possible bet.

Bring onboard new workers

New talent is essential to the survival and progression of a business, and with WeWork merging with WorkSocial, you can be sure to attract new talent. When a business mergers with another, it hows growth, and often will need new talent to replace others. As such, with WeWork and WorkSocial combining, they can help to attract new workers who will be able to grow the business sufficiently.

Overall, WeWork must merge with WorkSocial for the benefits above. These will ensure its survival, albeit through a different name, and for its continued growth in the business world. With a poor reputation and in decline, WeWork must make some choices which will determine its fate in the near future.

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