WeWork was one of the year's biggest losers


WeWork was once valued at nearly $50 billion.

The co-working space company's current market cap sits below $30 million after filing for bankruptcy protection in November, per Axios' Hope King.

Employees do pay a professional price for being able to work from home, a recent survey found.

Remote employees were the least likely to get promotions and raises in 2023, according to a survey from Resume Builder that surveyed 1,190 full-time employees in December.

The survey published last Tuesday found just 42% of remote workers surveyed got a promotion in 2023, as compared to 55% of those in the office all the time. In comparison, 54% of hybrid workers received a promotion.

As for raises, just 41% of remote workers got a 10% raise or more while about 50% of fully in-office and hybrid staff got the same raise.

However, remote employees also appear to be happier.

Employees who were in the office fully reported more stress and unhappiness at work, with 11% of full in-office employees rating their mental health as "poor or terrible" as compared to 8% of remote workers. Another 43% of fully in-office employees said they were "very stressed" against 30% of remote workers.

Perhaps unsurprisingly, half of the fully in-office employees said they will be seeking a new job next year, while just over a third of remote workers said they would do the same.

Companies are struggling with how to manage remote work following the COVID-19 pandemic. Tech giant Amazon, for one, is going as far as firing employees to do not return to the office at least three times a week.

"We have seen since the advent of remote work proliferating, managers have and still often struggle with how to manage this new workforce," said Stacie Haller, the chief career advisor at Resume Builder. She advises remote workers to be more proactive and take steps such as scheduling regular meetings with their managers to improve their promotion and wage prospects.

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