Goldman just threw down the gauntlet in the remote work reckoning. Your company could follow its lead.

Goldman Sachs is requiring employees to return to the office five days a week, potentially setting a precedent for other companies to follow suit, as remote work policies become stricter at major firms including Amazon, Meta, and Zoom.

businessinsider.com

Relevant topic timeline:

8/29/2023

Amazon CEO tells staff ‘it’s probably not going to work out’ unless they visit office three days a week

Amazon CEO Andy Jassy has warned employees that it "probably won't work out" for them if they are not willing to come into the office at least three days a week, as the company joins other tech firms in pushing for a return to in-person work.

8/30/2023

Rising labor costs are making AI stocks even more attractive

Goldman Sachs estimates that about 300 million full-time jobs worldwide could be lost or diminished due to the rise of artificial intelligence, while traders are betting on AI stocks, with companies like Nvidia, Alphabet, and Microsoft seeing significant growth; concerns arise about the potential replacement of jobs with advanced technology, and the rising labor costs for businesses could lead to increased automation and higher profit margins. Additionally, US financial regulators have signed off on new rules that would require banks with at least $100 billion in assets to issue long-term debt in order to absorb losses, which could impact banks' profitability and shareholder returns, and Amazon CEO Andy Jassy has told employees that they must return to the office or find employment elsewhere.

9/1/2023

Remote work is harder to come by as companies push for return to office

Employers are increasing their demands for in-person work, with many companies requiring employees to return to the office at least a few days a week, sparking negotiations and debates over the future of remote work.

9/11/2023

IBM Mandates Hybrid Work for Employees Within 80km of Offices, Joining Tech Industry Push for Office Returns

IBM Software is requiring its employees living within a 50-mile radius of an office to be present for at least three days a week, emphasizing the importance of "meaningful time together" in-person as part of their work culture. Other tech companies like Google and Meta have also sought to bring back employees to the office on a part-time basis.

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Posted 8/23/2023, 2:37:00 PM