The Wing

The Wing representing approximately 100% of its workforce on 2022-08-31.

In July 2020, women's coworking operator The Wing laid off 56 employees, a mix of hourly and corporate staff, as part of ongoing restructuring due to the COVID-19 pandemic. This followed a previous round in April that cut the majority of hourly workers and half of the corporate workforce. The company, which had grown to about 12,000 members across multiple cities and raised over $100 million from investors, was forced to temporarily close its locations and pause memberships and programming. Facing a slashed valuation and operational challenges, The Wing aimed to rebuild its business model, offering severance and health benefits to affected staff while seeking a new path forward for its community.

The Wing representing approximately 50% of its workforce on 2020-04-03.