Start-Ups Abandon Hot Desking
SYDNEY: Australian start-ups are looking to exit their hot-desking contracts as the coronavirus sets in.
A number of independent Australian co-working spaces have been forced to close after failing to keep their memberships over the past two weeks, according to a Sydney Morning Herald report.
Advice from global health authorities has been for citizens to continue working from home unless it is not possible to do so.
This has left early-stage businesses around the world negotiating with co-working spaces to either exit contracts or pause membership fees.
Melbourne entrepreneurs Jodie and Erz Imam closed their co-working space Depo8 after going from 83 percent capacity to zero once coronavirus conditions hit.
The founders say they are set to be out of pocket by at least $100,000 after having to sell-off the 80-strong office fitout.