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Former NYC mayor Michael Bloomberg thinks federal workers should not work from home. "Some people argue that remote work for federal employees isn't a problem. "In the private sector, if remote workers do a poor job, business suffers and customers take their spending elsewhere. At Bloomberg LP, more than 80% of employees work in the office at least three days a week, as requested, he added. In a May interview with CNBC, Tesla and SpaceX CEO Elon Musk went so far as to say remote work is "morally wrong."
Persons: Michael Bloomberg, Morgan, Jamie Dimon, Marc Andreessen, Elon Musk Organizations: Service, New York City, Bloomberg, Washington Post, Office, Forbes, CNBC, Tesla, SpaceX Locations: Wall, Silicon
Amazon recently rolled out a so-called "return-to-hub" policy that forces employees to work out of centrally assigned office locations, called hubs. That could apply even if the rest of the employee's team is in other cities. Amazon managers should have "empathy and positive intent" when having these difficult conversations with their staff. 'Be prepared'Perhaps in anticipation of sharp resistance from employees, the guidelines provide Amazon managers with several talking points and best-practice examples to follow. If an employee asks why someone else may have a remote work exemption, managers are to say "personal circumstances are confidential."
Persons: Brad Glasser, we've, Amazon's, Eugene Kim Organizations: Amazon, Amazon's, Employees
The number of Americans living and buying real estate in Spain has jumped in the last few years. Americans are also buying some of the most expensive property in the country. A "digital nomad visa" launched this year could encourage even more Americans to move to Spain. CNBC reported that the General Council of Notaries in Spain found the number of Americans living in Spain increased by 13% between 2019 and 2021. The number of homes sold to Americans in Spain surged 88% between the first half of 2019 and the first half of 2022.
Persons: Nadia Calviño Organizations: Service, CNBC, General, Danes, Economic Locations: Spain, Wall, Silicon, Navarre, Basque, Madrid, Valencia, Spanish
Company Bowls are forums that allow people to anonymously talk about companies and industries. The feature will compete directly against the anonymous workplace forum, Blind. You do however, need to submit your full name and work email in order to access the forums. Seemingly, you do need to enter your work email address to verify entry into your Company Bowl. Bowls is aimed right at BlindThe launch of Company Bowls means that the online workplace forum Blind has some new competition.
Persons: Glassdoor, Haley Tenore, Christian Sutherland, Wong, Fishbowl, TechCrunch
But there's one indication that things are tilting back toward worker flexibility: an uptick in remote and hybrid jobs. All industries are offering more remote or hybrid roles month-over-month, according to ManpowerGroup data. In the tech sector, 34% of open roles in May allowed for remote or hybrid flexibility — by June, that share reached 40%. Nationally, just 11% of open jobs on LinkedIn are remote, but they attract close to 50% of total job applications as of May. Check out: Remote workers flocked to 'Zoom towns' during Covid—now they're competing to stay work-from-home
Persons: Becky Frankiewicz, Frankiewicz, we're, Kelly Evans, Covid — Organizations: LinkedIn, Workers
Shopify is going to extreme lengths to stop its workers from attending pointless meetings. This push to keep workers out of meetings is to free up time so they can, according to the company's COO, "get shit done." But here's the thing about meetings, even "pointless" ones, and especially for a company with a lot of remote workers like Shopify: they give us an opportunity to chat. Watercoolers are hard to recreate in virtual form, but if they're going to be anywhere, it's in scheduled videocalls — in other words, meetings. Better mental health has been closely linked to productivity, so perhaps addressing loneliness would be a better use of a company's resources than discouraging meetings.
Persons: Shopify, they've, it's, impenetrably, I've Organizations: Service, Bloomberg, Independent Locations: America, Wall, Silicon
And San Francisco faces a "dire outlook" — with a potential 38% fall in demand in a severe scenario. The cities include San Francisco, London, New York, Houston, Paris, Munich, Tokyo, Beijing, and Shanghai. The consulting giant found that, in most of these cities, demand in 2030 will still be lower than it was in 2019, before the pandemic. The $800 billion figure is based on an average 26% decline in the value of the cities' office space across that time period. McKinsey's model predicts a "dire outlook" for San Francisco.
Persons: It's, Elon Musk, Twitter Organizations: McKinsey, Service, Downtown Locations: Francisco, Wall, Silicon, Europe, Asia, San Francisco, London , New York, Houston, Paris, Munich, Tokyo, Beijing, Shanghai, Downtown San Francisco
Prices began dropping last summer, after the average interest rate on the 30-year fixed-rate mortgage more than doubled in just six months. Buyers may have simply gotten used to higher rates. The sharp jump in mortgage interest rates last year threw cold water on an overheated housing market, but it didn't last long. Even with rates still high, home prices are now gaining again, and the gains are accelerating with each new month. "Earlier this year I shared that I believed 6% mortgage rates were accepted as the new normal.
Persons: Walden, Andy Walden, Black Knight, Robert Reffkin, Estate, Knight Organizations: Black, Compass, National Association of Realtors, Redfin Locations: Midwest, Northeast, San Jose , California, San Diego , Los Angeles, San Francisco, Seattle, Austin , Texas
Researchers explain how both employees and companies can benefit from a hybrid work model. What's more, these data points have leveled off in the last few months, Bloom told Insider. Bloom's paper concluded that hybrid work had a "flat or even slightly positive" impact on productivity and improved employee recruitment and retention. Remote work could rise in the years ahead as technology improvesPer Bloom's most recent estimates, 60% of Americans work fully in-person, 30% work in-person between one and four days per week, and 10% work fully remotely. But Harvard's Choudhury said there's one reason a recession wouldn't crush the remote work movement.
Persons: Nick Bloom, Bloom, Choudhury, Harvard's Choudhury Organizations: Service, Stanford, Harvard Business School Locations: Wall, Silicon
Employees today go into the office an average of 1.4 times per week, according to a study from the Advanced Workplace Association. Below are a few considerations to help you support your hybrid workforce with the PC technology they need to succeed. Intel vPro Enterprise for Windows OS allows IT teams remote access even when the device is turned off or the operating system isn't working. University Hospitals Bristol and Weston NHS Foundation Trust, for example, began upgrading to Intel vPro technology in 2020. Learn more about how Intel vPro can help you meet the needs of your hybrid workforce.
Persons: Forrester, weren't Organizations: Advanced Workplace Association, Intel, IT, Employees, Forrester Consulting, Intel vPro Enterprise, Windows, Tech, University Hospitals Bristol, Weston, Foundation Trust, Insider Studios, Intel Corporation Locations: Europe, Israel, Malaysia
Companies will want people who can use the tech but will also need skills AI can't replicate. An emphasis on soft skills could be good for older workers and bad for some remote workers. But as one Oxford economist told Insider, there's another set of workers that could benefit from an AI boom: workers with the people skills that AI can't replicate. In this future, Frey said, "it is likely that older workers with more experience in managerial positions are better placed." That's because there are simply some things AI can't do.
Persons: , There's, Zer, Carl Benedikt Frey, Frey, " Frey Organizations: Companies, Service
Columbus, Ohio was named the top city for digital nomads in the United States, while Fort Lauderdale ranked last. Portland, Houston and Chicago have topped several lists highlighting the best cities for digital nomads, namely for having low housing costs and a high share of remote jobs that pay $100,000 per year or more. New York and Los Angeles, meanwhile, didn't even crack the top 20 best cities for digital nomads. 24, while New York City ranks No. The remote job market is shrinking in some cities, but flourishing in others.
Persons: Zumper, Louis, Covid — Organizations: Fort Lauderdale, Columbus , Ohio Portland , Oregon Kansas City , Missouri Houston St, Louis Chicago Cincinnati San, Louis Chicago Cincinnati San Antonio Detroit Denver Analysts, New York City, U.S . National Bureau of Economic Research, San Francisco Locations: U.S, California, Florida, Midwest, Zumper, Columbus , Ohio, United States, Columbus , Ohio Portland , Oregon Kansas City , Missouri Houston, Louis Chicago Cincinnati San Antonio, Kansas City, Cincinnati, St, Portland, Houston, Chicago, New York, Los Angeles, Washington, San Francisco, York
In the age of remote work, employers are quiet quitting on employees. Decision-makers at family offices revealed what it's really like managing billions for the ultra wealthy. But first: It's shaping up to be a cruel summer for Airbnb and Vrbo hosts. The Airbnb hosts getting squeezedReal-estate reshapeBlake Callahan / Getty ImagesThe real-estate industry is facing an existential threat. In the age of remote work, employers are doing it, too.
Persons: Matt Turner, Read, Brian Chesky, Charley Gallay, Vrbo, That's, Blake Callahan, Jonathan Ernst, Consuelo Vanderbilt Costin, Bryan Griffin, Insider's Ben Bergman, Arantza Pena Popo, It's, Satya Nadella, Hallam Bullock, Lisa Ryan Organizations: luxe, Reuters Workers aren't, Stanford University, The Vanderbilt, Waltons, Microsoft Locations: Silicon, Airbnb, New York
Canada is developing a scheme to attract digital nomads to the country. Under current rules, remote workers are allowed to live and work in Canada for six months. The Immigration Refugees and Citizenship Canada (IRCC) said the plans were aimed at making Canada a go-to destination for digital nomads. Under current Canadian immigration rules, digital nomads can stay in Canada for up to six months under a visitor status while still working for foreign companies. "We expect that some digital nomads who initially enter Canada to work remotely will decide to seek opportunities with Canadian employers," the IRCC said in a release.
Persons: Organizations: Service, Privacy, Canada, Immigration Refugees, Citizenship Canada Locations: Canada, Canadian, Bali, Portugal, Greece
Financial services company Bankrate ranked the best and worst cities for young professionals. Austin, Texas, took the top spot and ranked highly for year-on-year job growth. Bankrate, a financial services company, put together a list of the best and worst cities for professionals who are just starting out. The city is known as "Silicon Hills" and serves as a base for major companies such as Elon Musk's Tesla. Some of the worst cities to launch a career were Birmingham, Memphis, and New Orleans, the study found.
Persons: , Alex Gailey, Austin, Elon Musk's Tesla, Musk, Franklin Nashville , Tennessee Michael Warren, Cary, DANIEL SLIM, Bellevue Seattle , Washington spotmatik Organizations: Financial, Bankrate, Service, Elon, Birmingham, Nashville, Davidson, Franklin, Getty, Raleigh, Austin, Georgetown Locations: Austin , Texas, Texas, California, Memphis, New Orleans, Murfreesboro, Franklin Nashville , Tennessee, Cary Raleigh , North Carolina, Salt Lake City Salt Lake City , Utah, AFP, Seattle, Tacoma, Bellevue Seattle , Washington
Living in Costa Rica is helping save money to eventually start his own health and wellness business. I took a solo trip to Costa Rica to surf and enjoy the beach. However, in Costa Rica everything is grown locally and there are no chemicals like glyphosate in our food. We settled in Mal Pais, Costa Rica. By living in Costa Rica I've gained a sense of opportunism that I lacked in the US.
Persons: Luke McStravick, , Mal Pais, Luke, Costa, It's, we've, I've, Costa Rica I've Organizations: Service, Facebook Locations: San Diego, Costa Rica, Mal Pas, United States, Mal, Philadelphia, Mal Pais, Santa Teresa, It's, San Jose, Sweden, Germany, Italy, South Africa
Insider asked several experts in AI, economics, and remote work about the multitude of ways Americans' working lives could be impacted by AI moving forward. AI could eliminate some jobs and boost competition for those that remainGenerative AI technologies like ChatGPT will likely create some jobs and replace others. But for companies with leadership that has this concern, AI productivity gains could help them forget about some of their remote work "productivity paranoia" — a factor that in theory, could help remote work persist at some businesses. "So I think the biggest AI impact will be a ton of fully remote jobs like data-entry, payroll etc going to AI." Added Frey: "Any technology that increases productivity, ChatGPT included, makes a shorter workweek more feasible."
Persons: , there's, Goldman Sachs, Mark Muro, Carl Benedikt Frey, coders, Frey, Oded, Muro, Nick Bloom, Columbia's Netzer, Michael Chui Organizations: Service, Brookings Institution, Columbia Business School, Workers, Microsoft, New York Fed, Companies, Stanford, McKinsey Global Institute Locations: Oxford
Your employer may be quiet quitting on you
  + stars: | 2023-06-27 | by ( Aki Ito | ) www.businessinsider.com   time to read: +9 min
Some bemoaned it as quiet quitting; others celebrated it as a much-needed correction to the toxic demands of hustle culture. But employees, it turns out, aren't the only ones distancing themselves from the office: Employers are quiet quitting on the whole idea of traditional full-time employment. If workers are going to be remote, the thinking seems to go, why not get the cheapest remote workers available? That ruled out contractors, because contractors work remotely. And that could be a huge problem for everyone, given America's insistence on tying basic benefits to full-time employment.
Persons: Nicholas Bloom, Slack, they're, , Gen Zers, It's, Bloom, they'll, Jessica Schultz, she's, Schultz, They're, it's, Liz Wilke, Aki Ito Organizations: Atlanta Fed, Stanford University, McKinsey Locations: American
Fully remote jobs are getting harder to come by, but the competition for work-from-home jobs is especially fierce in some parts of the country. Just two years ago, remote jobs in Bend attracted about 42% of applications. Nationally, just 11% of open jobs on LinkedIn offer remote work, but they attract close to 50% of total job applications as of May. Bend, in particular, became popular among newly mobile tech workers from Silicon Valley and Seattle. Check out: How return-to-office battles and remote work are making America's burnout problem worse
Persons: George Anders, LinkedIn's, Kelly Evans Organizations: LinkedIn, Port, Fort Walton, Big Tech, Google, Microsoft, Apple Locations: Bend, U.S, Asheville, N.C, Wilmington, Myrtle, S.C, Spokane, Coeur d'Alene, Wash, Sioux, S.D, Medford, Sarasota, Fla, Wausau, Stevens, Wis, Crestview, Fort, Destin, Silicon Valley, Seattle
Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.
Persons: , Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn
Big thanks to my amazing colleagues Hallam Bullock, Nathan Rennolds, and Lara O'Reilly for covering the newsletter while I was out. My colleague Sonam Sheth, however, is quite confused as to why hundreds of other people are also watching it. This setup means Amazon gets to list more items as eligible for free Prime shipping without having to significantly expand warehouses. They have to ship over 99% of their orders on time with an order cancellation rate of less than 0.5%. The US gives Russia's nuclear program about $1 billion every year.
Persons: It's, I'm, Siu, Hallam Bullock, Nathan Rennolds, Lara O'Reilly, I've, Sonam Sheth, Scott Olson, Eugene Kim, They've, Read, Elon, Valentina Tereshkova, Con —, Tupac, Diamond Naga Siu, Alistair Barr Organizations: Wall Street, Getty, Oracle, Twitter, Ikea, Benz, Washington Locations: Colorado, Spain, Portugal, Paris, California, San Diego, San Francisco, London
Remote workers are turning to workplace discussion platforms like Fishbowl to discuss return-to-office mandates. Some say they are willing to take pay cuts of up to a 20% to continue working from home. "There are more things in life than money," one Fishbowl user said in response to RTO incentives. Remote workers are turning to anonymous workplace discussion platforms to gauge whether they should take jobs with lower pay to keep their work-from-home privileges. The willingness for workers to forgo thousands of dollars in pay to work from home is nothing new.
Persons: Fishbowl, they'd, they're Organizations: Workers, Liberty Mutual, Nationwide, Washington Post
During the pandemic, CEO Mark Zuckerberg said he envisioned remote work sticking around for good. After recent layoffs, however, he changed his tune, saying remote workers were less productive. Apple, Amazon, and Snap are just a few others that have said workers must return to the office, causing consternation among some of their employees. Several current employees spoke to Insider about the reversal of Meta's remote work policy. As companies become anxious about slowing growth and a tighter economic climate, layoffs and eliminating remote work are strategies executives are implementing to try and boost productivity.
Persons: Mark Zuckerberg, Zuckerberg, We're, Marc Benioff, Meta's, there's Organizations: Meta, Apple, Facebook, Amazon, Google Locations: San Francisco
Startups are facing a "Mass Extinction Event" — and most people can't even see it. That's according to Tom Loverro, a general partner at IVP, who said: "The Mass Extinction Event for startups is underway." In our full analysis, we dive even deeper into this "Mass Extinction Event," including signs that can be gleaned from the fates of WeWork, Zume, and Plastiq. Investors shut out of traditional funding rounds are finding another way to snap up shares in buzzy AI startups. In an email to Twitter employees, Linda Yaccarino said it's her mission to turn Twitter into "the world's most accurate real-time information source."
Persons: Hallam Bullock, Alistair Barr, Melia Russell, Tom Loverro, Loverro, spigot, Jeff Bezos, Elon Musk Pascal Le Segretain, Michael M, Elon, Bezos, Andreessen Horowitz, Read, they're, Steve Jobs, Linda Yaccarino, it's, Matt Mikka's, YouTuber, we've, Shona Ghosh Organizations: London . Venture, Getty, Venture, Tech, Twitter, Tesla Locations: London, San Francisco
Many of them either embraced or tolerated remote working but now they seem less keen. Earlier in June, Meta announced that workers must go into the office three days a week, starting September 5. Musk has criticized remote work on several occasions and recently called it "morally wrong." Martha Stewart has also weighed in on the productivity of remote workers, saying: "You can't possibly get everything done working three days a week in the office and two days remotely." The employer backlash against remote work follows a period of upheaval in the tech industry.
Persons: Platformer's Zoë Schiffer, Parag Agrawal, he'd, Elon, Musk, Martha Stewart Organizations: Meta, Apple, Staff, Google, Twitter, The Washington Post Locations: WaPo
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