Loading formats...
Tech's Remote-Work U-turn
Description
Tech giants such as Alphabet's Google, Lyft, Facebook's parent company Meta Platforms, and Salesforce are reneging on their remote-work policies, driving their employees back to offices as they deem more efficient and cost-effective. Previously, enforcing office work could lead to losing employees to competitors offering remote-first models. Still, with over 200,000 layoffs in the tech industry and weaker job prospects, the scales have tipped back to employers. As a result, about 600,000 U.S. workers faced new office-return mandates last month, with the tech industry accounting for one-third of those and another 85,000 to follow suit by September. Google, for instance, now factors in office attendance in performance reviews and plans to permit remote work only by exception. Similarly, Salesforce and Lyft have updated their policies to include more in-person work. These changes are leading to dissatisfaction among many employees who had adjusted to the flexibility of remote work during the pandemic.
Discover more
More from this user
01:23
NIO Deliveries Jump 71%
Benzinga
00:54
Palantir Eyes Earnings
Benzinga
00:54
AZ-BMY Merger Talk
Benzinga
01:10
XPeng July Sales Rise
Benzinga
01:08
Airfares Prices Resilient
Benzinga
00:42
WestJet Deal Reached
Benzinga
Related videos
00:40
San Francisco Office Vacancies Surge to All-Time High as Tech Layoffs and Remote Work Boom Contribute Persist
Benzinga
14:40
Why Fortune ranks Cisco as the best place to work despite layoffs
Fortune
09:58
'Toxic, Unpredictable & Hostile Place To Work': Brownley Shreds Trump & Secretary Collins Over VA Layoffs
Forbes Breaking News
01:07
How to Deal with the Guilt of Surviving Layoffs at Work
Veuer
09:58
'Toxic, Unpredictable & Hostile Place To Work': Brownley Shreds Trump & Sec. Collins Over VA Layoffs
Forbes Breaking News
16:57
Layoffs and more Layoffs – Why is the Government Silent?| WHAT DOES THIS DATA SAY | EP79 | IT Jobs
HW News English