NNN – No New News? – 6/25/20 – These companies plan to make working from home the new normal. As in forever

By Rob McLean, CNN Business

Updated 6:57 PM ET, Thu June 25, 2020

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Wall Street wants employees back in the office

New York (CNN Business)The coronavirus pandemic has forced many companies to embrace work-from-home solutions. For some, the transition may stick.Several big businesses plan to let much of their staff work from home permanently, even after the pandemic. Working from home could become the new normal — at least for some…


Mark Zuckerberg said as many as 50% of Facebook (FB) employees could be working remotely within the next five to 10 years. Zuckerberg pitched the idea as both a matter of satisfying employee desires and also as an effort to create “more broad-based economic prosperity.””When you limit hiring to people who live in a small number of big cities, or who are willing to move there, that cuts out a lot of people who live in different communities, have different backgrounds, have different perspectives,” Zuckerberg said on a livestream posted to his Facebook page.


Twitter (TWTR)will allow some of its workforce to continue working from home “forever,” if they choose.The company did not specify which roles will qualify for work-from-home. But Twitter said the experience of working from home for the past several months has shown that it can work at scale for the long-haul.”If our employees are in a role and situation that enables them to work from home and they want to continue to do so forever, we will make that happen,” said Twitter’s vice president of people, Jennifer Christie, in a statement to CNN Business. “If not, our offices will be their warm and welcoming selves, with some additional precautions, when we feel it’s safe to return.”


Twitter CEO Jack Dorsey’s other company, Square (SQ), plans to allow staff members to work from home once the pandemic ends.Square wants employees to be able to work where they want in an environment that suits them.”Moving forward, Squares will be able to work from home permanently, even once offices begin to reopen. Over the past several weeks, we’ve learned a lot about what it takes for people to effectively perform roles outside of an office, and we will continue to learn as we go,” the spokesperson told The Verge.


Tobi Lutke, CEO of Shopify (SHOP), announced that the world of work has been turned on its head.”Office centricity is over,” he tweeted. “As of today, Shopify is a digital by default company.Lutke said Shopify, an ecommerce platform for small businesses, will keep its offices closed until 2021. This year, Shopify will rework its physical spaces for this new reality. Afterward, most employees will work remotely — permanently…..Read the rest at CNN.com

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