Real EstateUS

Convene Layoffs

March 2020

Convene announced a layoff affecting 150 employees (18% of its workforce) in March 2020. The company operates in the Real Estate sector.

People Affected

150

Percentage

18%

Announced Date

Mar 23, 2020

About

Convene, a New York City-based provider of flexible office space, laid off 150 employees last month, representing 18% of its workforce. The company had already closed all of its physical locations due to the impact of the coronavirus pandemic, which has severely affected the coworking industry. This move aligns with similar layoffs at other coworking startups like WeWork, Knotel, Industrious, and The Wing, as the sector grapples with reduced demand for shared office spaces amid widespread remote work and economic uncertainty.