Real EstateUS

Eden / Managed By Q Layoffs

April 2020

Eden / Managed By Q announced a layoff affecting 40 employees (40% of its workforce) in April 2020. The company operates in the Real Estate sector.

People Affected

Percentage

40%

Announced Date

Apr 8, 2020

About

Eden, which acquired Managed By Q from WeWork in March, has laid off or furloughed the remainder of Managed By Q's staff, affecting over 75 employees across all departments. This represents 100% of Managed By Q's workforce, as Eden appears to have been primarily interested in acquiring the company's customers and assets rather than retaining its team. The office management services industry has seen consolidation, with this round following a separate layoff just one month prior.