WeWork Rival RocketSpace to Leave U.K. in Co-Working Blow
- RocketSpace will close down U.K. business by April 2020
- Employees were told they’d be out of a job after Dec. 20
RocketSpace Inc.'s offices in San Francisco, California.
Photographer: David Paul Morris/Bloomberg
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RocketSpace Inc., a San Francisco-based WeWork rival, is pulling out of its U.K. shared office business and will shut down the subsidiary by April in another blow to London’s co-working scene.
Chief Executive Officer Duncan Logan told U.K. employees last month that they’d be out of a job after Dec. 20, according to a person familiar with the plans, who asked not to be identified because the information is private. The company will instead refocus on funding services for startups, according to emails seen by Bloomberg News.