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A bunch of executives at e-commerce firm Wayfair singled out remote workers as the ones who were more likely to have been laid off in a fresh round of cuts, The Wall Street Journal. The targeting of remote workers will come as little surprise for many, given the ugly battle that's been raging over remote work in recent months. Some bosses such as Elon Musk have disparaged remote workers as lazy members of the "laptop classes living in la la land," and called out the practice as "morally wrong." However, the Wayfair layoffs are a reminder that remote workers are in grave danger if their managers don't believe they're putting in the hours away from the office. Many remote workers will be feeling more vulnerable than ever.
Persons: , Wayfair, Niraj Shah, Shah, Elon Musk, Goldman Sachs, David Solomon, Ken Griffin Organizations: Service, Street, Business, Elon, Meta, Google, eBay, Billionaire, Citadel Locations: la la
Read previewL'Oreal's CEO had some harsh words for remote workers , saying they lack attachment, passion, or creativity in their roles, during the World Economic Forum in Davos, Switzerland. L'Oreal USA's former CEO Stephane Rinderknech called the company's 11,000 employees back to the office in a staggered process in July 2020. "It's vital for the company, and it's vital for the employees. CEOs have changed their tune on remote work since the pandemic saying that employees are more productive and efficient in the office. AdvertisementNumerous firms including Google, Meta, Starbucks, and JPMorgan have walked back their remote working policies as a result, and are requiring workers to come back to the office .
Persons: , Nicolas Hieronimus —, Hieronimus, L'Oreal USA's, Stephane Rinderknech, It's Organizations: Service, Economic, Business, Daily Telegraph, L'Oreal, Google, Meta, JPMorgan Locations: Davos, Switzerland, French, California
What broke the American Dream for Millennials
  + stars: | 2024-01-19 | by ( Allison Morrow | ) edition.cnn.com   time to read: +11 min
For their nine-month-old son, Miles, Rachael and Garrett agree: They’re not going to push him to pursue the same path. “This is the American Dream,” Rachael says. The nest egg mythA common refrain Millennials heard from their Boomer parents is that buying is always better than renting. Luke Sharrett/Bloomberg/Getty ImagesCentral to the pitch of the American Dream is a house. “I don’t think anyone could have foreseen house prices going up 20% or 30% in a three-year period,” Garrett says.
Persons: Pennsylvania CNN — Rachael Gambino, Garrett Mazzeo, , Miles, Rachael, Garrett, They’re, ’ ”, ” Rachael, Kristen Gambino, Rachael Gambino, Deborah Brunswick, John General, America it’s, Brendan Duke, Baby, Millennials, gumming, Obama, , Louis, Boomer, Luke Sharrett, they’d, ” Garrett, they’re, homeownership, We’re, “ we’re, That’s, Duke, ” Duke, , Camerota, Matthew Friedman Organizations: Pennsylvania CNN, , CNN, Center for American Progress, of Education, America, Federal Reserve Bank of St, Bloomberg, Getty, Federal Reserve Bank of Philadelphia, Workers, Center, American Progress ’ Locations: Lansdale, Pennsylvania, America, United States, Attom, financials
Stanford economist Nicholas Bloom found hybrid workers can be more successful than fully remote workers. Heading into the office at least "three days a week" is enough to get noticed, Bloom told WSJ. AdvertisementHeading into the office a few days a week could be a way to stay in the good books of your managers, according to Stanford economist Nicholas Bloom. Only 42% of fully remote workers received a promotion in 2023, compared to 54% of hybrid workers and 55% of full-time office workers in a survey of 1,190 full-time employees from Resume Builder. AdvertisementAnd workers who go into the office are also more likely to receive helpful feedback .
Persons: Nicholas Bloom, Bloom, , Emma Harrington, they're, Harrington Organizations: Service, Stanford, Wall Street, Workers, Fortune, Hoover Institute
He says Americans moving to Mexico need to stop staying in older Airbnb units among other things. AdvertisementThis as-told-to essay is based on a conversation with Jeremy Albelda, a 36-year-old entrepreneur living in Mexico City. Here are some things that other Americans moving to Mexico should stop doing. Make an effort to learn Spanish and you'll help improve the overall image of remote workers and tourists. Stop staying in older Airbnb unitsOlder Airbnb unit owners usually displaced a local resident to turn it into an Airbnb.
Persons: Jeremy Albelda, Albelda, , It's, it's, who've, Airbnb, I've, we're, I'm Organizations: Mexico City, Service, San Locations: Mexico, Mexico City, Philadelphia, Roma Norte, San Miguel, British, London
The survey, which has been running for a decade, reflects input from nearly 12,000 expats representing 177 nationalities in 181 countries or territories. John Coletti/The Image Bank Unreleased/Getty ImagesA longtime retirement destination for Americans, Mexico also has attracted more families and the digital nomad set over the past few years. Pros: Mexico ranked first in InterNations’ 2023 Expat Insider survey and has ranked among the top five countries since 2014. Cons: As is the case in Mexico and other countries with large expat communities, there’s growing backlash against the influx of foreigners, especially Americans, and especially in Lisbon. That popularity among auslanders has contributed to a housing pinch in major cities, especially Berlin, where finding accommodation is one of the most stressful aspects of a move.
Persons: It’s, Megan Frye, Frye, , , We’ve, John Coletti, San Miguel de Allende, margarita, Sean Pavone, expats, Alex Ingrim, Chase, Ingrim, it’s, pollsters, they’re, it’s MVV, Arielle Tucker, that’s, auslanders, Andriy Kravchenko, “ Costa, ” David Lesperance, Costa Rica’s, “ Tico, Sebastien Lecocq, Lesperance, he’s, what’s, Emily, ” Tucker, Roth, Tucker, Carte Organizations: CNN, Invest Overseas, Braga, InterNations, Mexico, National Institute of Statistics, Human Rights Watch, Visa, USA, CNN Travel, , Spain, International, Travel Association, pollsters Gallup, Michelin, Changi, Cons, United, Costa Rica Costa, Central, Costa, Lesperance, Associates, Panama Panama, Miami of, Panama City, Panama Qualified Investment, Panama Golden Visa, France France Locations: Valencia, Spain, Portugal, Mazatlán, Mexico, United States, Mexico City, Michigan, Mexico Mexico, Plaza Carso, Polanco, North America, , Oaxaca, San Miguel, Playa, Carmen, InterNations, Portugal Portugal, Porto, Douro, Europe, Lisbon, Western Europe, Madrid, Barcelona, Seville, Bilbao, Catalonia, Catalan, Netherlands, Amsterdam, Statista, Haarlem, Delft, Leiden, Maastricht, Washington, Miami , New York, San Francisco, Germany Germany, Munich, Germany, Berlin, Frankfurt, Stuttgart, Switzerland, Singapore Singapore, Singapore, Asia, Entre, Costa Rica, , “ Costa Rica, Costa Rican, Panama City, Miami, Miami of Central America, Panama, North, South America, Italy, Venice, Italian, Paris, France, Lyon, Strasbourg
The eye lift, also known as a blepharoplasty, is one of the most requested plastic surgeries in the US. The procedure trims back excess skin on the eyelids and helps give the eyes a more youthful look. AdvertisementThere's a plastic surgery procedure on the rise that helps improve the appearance of tired eyes. After nose jobs , eye lifts have become the one of the most requested plastic surgery procedures in the country, according to Vogue. The average cost of a blepharoplasty is $3,339, according to the American Society of Plastic Surgeons .
Persons: , Carolyn Chang, it's, Dr, David Rosenberg, Lara Devgan, Amanda Bynes, Robert Schwarcz, Chang Organizations: Service, Vogue, American Society of Plastic Surgeons, Cleveland Clinic, TikTok Locations: San Francisco, New York, Francisco
Remote workers may also seek out cities with cultures they enjoy more, those that are walkable, and those that are well-connected via a major airport, she said. All of them have median home prices relatively close to, or below, the national median of $408,573, according to Redfin data. And they are all significantly less expensive than median prices in New York or Boston, which hover near $800,000, or San Francisco and Los Angeles, which both have median prices over $1 million. The eight cities also have below-average costs of living, according to the Council for Community and Economic Research's Cost of Living Index. We've listed the eight cities below, their median home prices, populations, cost of living index scores, and major airports.
Persons: Nicole Beauchamp, we've, Beauchamp Organizations: Sotheby's, Business, Council for Community Locations: New York, Boston, San Francisco, Los Angeles
The shutdowns of 2020 created a perfect storm for the housing market — and supercharged the clash between Wall Street and regular homebuyers. Given the attention these markets received during the pandemic, it's no wonder that the battle between Wall Street and Main Street became the dominant story of COVID-era homebuying. Advertisement"If Wall Street was really gobbling up Main Street," Sharga told me, "we would see homeownership rates go down." Wall Street landlords have also been increasingly selling off homes to regular people, a Business Insider analysis found. Still circlingWhile average homebuyers have staged a comeback over the past three years, Wall Street isn't ready to jump out of the housing market altogether.
Persons: homebuyers, That's, Wall, elbowed, Rick Sharga, CJ Patrick Company, they're, who've, Axios, Sharga, CoreLogic, Pretium —, John Voorheis, Voorheis, , Freddie Mac, James Rodriguez Organizations: Rage, Federal Reserve Bank of Philadelphia, Parcl Labs, Labs, National Association of Realtors, Wall Street, Investor, Wall, Tricon, Associates, Investors, Center for Economic Studies, Census Locations: Phoenix, Chicago, homebuilders, homeownership, Dallas, Charlotte, North Carolina, Atlanta
Doritos developed an AI to silence chewing sounds on calls, especially gaming sessions. AdvertisementGamers, remote workers, and others who annoy others with chewing Doritos during their calls have a new tool to silence the noise. Doritos Silent, made by the PepsiCo-owned chip brand, cancels the sound of chewing on voice calls. Smooth Technology, an engineering and design studio, worked with Doritos to create Doritos Silent, the chip brand said in a statement. AdvertisementCreating the software involved recording roughly 500 people eating Doritos, Dylan Fashbaugh, lead developer at Smooth Technology, told the Post.
Persons: Doritos, , Mustafa Shamseldin, Fernando Kahane, Indra Nooyi, Dylan Fashbaugh, Fashbaugh Organizations: Service, PepsiCo, Washington, Technology, Smooth Technology
Most hybrid workers (55%) say paying employees more for their in-office work would provide “a lot” of encouragement for them to work in-person more often. Additional pay topped the list across respondents whether they were working in-person, remotely (44%) or in hybrid (50%) roles. Regardless, many U.S. employees have returned to in-person work, or had never left. Most paid employees report that they work in person per NORC's survey, and three-quarters of those in-person employees say they are required by their employer to do so. The number of people working remotely has fallen significantly since the peak of COVID-19 — but is still far higher than pre-pandemic levels.
Persons: — Justin Ryan Horton, he's, Horton, “ I'm, ” Horton, NORC, ” Marjorie Connelly, Megan Homis, Homis, ” Homis, Bill Castellano, ” Castellano, Connelly, I’m, , Organizations: Workers, University of Chicago, NORC’s Public Affairs & Media Research, Associated Press, Rutgers School of Management, Labor Relations, , Pew Research Center, U.S . Bureau of Labor Statistics Locations: Colorado Springs, Southern California
Places across the US offer cash, homes, and other perks to lure remote workers and other relocators. Insider rounded up the states, cities, and towns that will reward you to move there in some way. Lillian Griffith, a 25-year-old data engineer, moved from Alpharetta, Georgia, to Tulsa, Oklahoma, in August 2022 to take advantage of the Tulsa Remote program, which granted her $10,000 simply for relocating to the Oklahoma city. "The Tulsa Remote program is not some elitist program that only accepts people who work in high-paying positions," Griffith previously told Business Insider. While some cities are doling out cash for remote workers, hoping their presence will boost the local economy, others are looking to attract new talent.
Persons: , Lillian Griffith, Griffith, Cincinnati —, relocators, Jordan Pandy Organizations: Service, Tulsa, nab Locations: Alpharetta , Georgia, Tulsa , Oklahoma, Oklahoma, Tulsa, , Ohio, Cincinnati, Lincoln , Kansas, Wichita, jpandy@businessinsider.com
A remote worker shared a video of herself on her laptop while at the movie theater. Williams told Business Insider in an email exchange that she juggled multiple freelance roles, which included writing product reviews and writing for a mobile game. she told Business Insider. "If companies are gonna force people back into the office, they're gonna do it no matter what we do," she told Business Insider. "If I felt like I was bugging someone, the laptop would've gone straight away," she told Business Insider.
Persons: , Hanna Williams, Williams, they'd, they're Organizations: Service, AMC Theatres, AMC Locations: Los Angeles , California, Sterling Heights , Michigan
Shakira reached a deal to resolve charges that she failed to pay Spanish income tax from 2012 to 2014. Spain accused her of improperly filing taxes to the Bahamas when she spent the majority of her time in Spain. Remote workers should take extra care when filing taxes to avoid US penalties. The New York Times previously reported that Americans who pay a foreign income tax might be able to get a deduction when filing their US tax return, but it depends on the foreign country's tax rules. Still, some visa programs allow visitors to work remotely while avoiding a local income tax for under a year.
Persons: Shakira, , Spain —, she's Organizations: Service, Spanish, AP, New York Times Locations: Spain, Bahamas,
The mid-Atlantic state registered a record unemployment rate of 1.6% in September — less than half the national unemployment rate of 3.8% that month — Labor Department data shows. That’s the lowest seasonally adjusted unemployment rate of any state on records going back to 1976, according to a CNN analysis. However, Maryland’s job market is still robust, with government and health care employers adding jobs at a brisk pace. Here’s a dive into the labor market of the state with the lowest unemployment rate in American history:Where the jobs areThe biggest industries in Maryland are government, health care, education and professional services. Fort Meade, a military base, is the largest employer in the state, according to Moody’s Analytics.
Persons: ” Christina DePasquale, Johns, Colin Seitz, , ” Seitz, There’s, , Mary Kane, what’s, Kane, ” Daniel Zhao, ” Zhao Organizations: DC CNN, — Labor Department, CNN, Baltimore, Fort Meade, University, of Maryland, Johns Hopkins University, Labor Department . State, Health, Johns Hopkins Carey Business School, Moody’s, Maryland, Bureau of Labor Statistics, Maryland Hospital Association, Labor, Maryland Chamber of Commerce, , Maryland Department of Labor, DC Locations: Washington, Atlantic, California, Lexington, Maryland, Fort, Florida, Texas, Virginia
Amazon told its managers last month that employees slated for promotions must comply with the company's return-to-office policy, which requires them to be in the office at least three times a week. Last month, Amazon told managers that they now have discretion to fire employees who refuse to comply with the return-to-office policy, as Insider previously reported . Amazon employees have been unsuccessfully protesting the RTO mandate since February, when it was first announced . And then, Amazon told managers they were allowed to fire employees who didn't comply. They are:An employee's role must have the capacity to be performed at the next level.
Persons: Slack, Jeff Organizations: Amazon, Business
Is the golden age of remote work over?
  + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs the golden age of remote work over? During the pandemic, remote work became the darling of the corporate world, and the steady stream of headlines of companies going fully remote captured the new normal. However, as the world began to open up, corporate America shifted its stance on remote work. Watch the video to learn why corporate America is pushing against remote work, how remote workers feel about the pushback, and what this workplace trend tells us about the U.S. job market.
Locations: America
Why the golden age of remote work may be coming to an end
  + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com   time to read: +1 min
Finding fully remote work is getting challenging. "Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. "Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare.
Persons: Kory Kantenga, Nicholas Bloom, it's, Elon Musk, CNBC's David Faber, It's Organizations: LinkedIn, Census Bureau, Stanford University Locations: U.S, America, la la
This as-told-to essay is based on a conversation with Glaze Martillano, a tech recruiter at Meta who lives in Toronto, about the benefits Meta employees are offered. VacationsWhen joining a big tech company, most candidates have high expectations when it comes to healthcare, competitive equity packages, vacations, and bonuses. Most importantly, they get to work on different projects with Meta employees based on their personal interests and skills. Companies talk about the importance of mental-health care, but there's still a stigma attached to getting help, so employees often don't take advantage of it. Forty percent of employers say they believe workers leave their jobs to work at companies that offer better benefits and perks.
Persons: Glaze, Martillano, , It's, Meta, I've, we've, We've, it's, they'd, there's Organizations: Meta, Talent, Service, Facebook, Tech Locations: Toronto, Canada, United States, Menlo Park , California
The fight over return-to-office is getting dirty
  + stars: | 2023-11-07 | by ( Ed Zitron | ) www.businessinsider.com   time to read: +13 min
Evidence is as evidence doesAs the return-to-office battle has heated up in the past six months, there has been a marked increase in declarations that remote work is less productive. The researchers determined that remote workers were 18% less productive than their in-person counterparts. Just the vibesDespite the limited evidence against it, corporations are increasingly trying to kill remote work. That's what makes the move to kill off remote work so frustrating. It's not clear that the return-to-office move is about making workers more productive or building a better culture.
Persons: it's, Mike Hopkins, they're, India —, Nicholas Bloom, who's, David Baszucki's, Geico, Amazon's Andy Jassy, Geico's Todd Combs, there's, Safra, Larry Ellison, wrongheaded, galvanizing sycophants, Ed Zitron Organizations: Amazon, Amazon Studios, National Bureau of Economic Research, Journalists, Stanford, Meta, , Writers Guild of America, SAG, United Auto Workers Locations: India
On Monday, WeWork's stock trading was halted ahead of the opening bell. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementEmbattled real estate giant WeWork filed for Chapter 11 bankruptcy on Monday. WeWork's bankruptcy comes amidst a years-long reorientation for the office industry. Offices globally emptied, and the once-stable commercial real estate sector was thrown into unprecedented chaos, from which it has not fully recovered.
Persons: WeWork, , David Tolley, Adam Neumann —, SoftBank, Regus, wasn't WeWork, I've, Masayoshi Son, Adam Neumann, Jackal Pan, Sandeep Mathrani, Neumann, Marcelo Claure Organizations: Service, WeWork, Wall Street, New York Stock Exchange, Visual China, Getty, CNBC Locations: Canada, WeWork, York
She moved to Tulsa for the Tulsa Remote program, with a one-year stipend of $10,000. AdvertisementAdvertisementThis as-told-to essay is based on a conversation with Lillian Griffith, a 25-year-old data engineer at General Motors, who moved to Tulsa for the Tulsa Remote program. I initially heard about the Tulsa Remote program through my mom, who joined the program in 2021 and then referred me to it later. I applied for the Tulsa Remote program in early 2022 and it only took me about a week to get tentatively approved. I told her that I moved here for the Tulsa Remote program, and then she said she was also in the program.
Persons: Lillian Griffith, , It's, I've, I'm, Kroger, we're, Lizzo, Marcus King, There's, Elizabeth, we've, I'd, haven't Organizations: General Motors, Tulsa, Service, Tulsa —, Georgia Southern University, Cumming , Georgia —, Kroger, Artists, Paramore, Tulsa Fairgrounds, Greenwood Locations: Tulsa, Alpharetta, Georgia, , Tulsa , Oklahoma, Oklahoma, Roswell , Georgia, Roswell, Atlanta, Arkansas, Atlanta . In Georgia, Cumming , Georgia, Detroit, Oklahoma City
Gen Zers choosing remote work and work-life balance may face consequences further down the line. That's according to NYU professor Suzy Welch who spoke with Insider about Gen Z's work habits. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . She said: "There's never really been a time where you could just sort of show up at work, work nine to five and have wild success.
Persons: Suzy Welch, Welch, , Gen Zers, They're, Scott Galloway, they're, There's, it's, That's Organizations: Service, York University, NYU Stern School of Business, Deloitte Locations: adulting
The solitude of remote work seemed to particularly hit Gen Z workers — who began their careers as workplaces went from in-person to virtual — hard. With companies asking — and in some cases mandating — their employees return to the office, Gen Z workers who are going in regularly have said they have a renewed sense of confidence in their jobs. Since Fitchett's employer started mandating employees go to the office, Fitchett said he finally feels a sense of ease at his job. Don't expect a full-scale return to the office quite yetThere's more that goes into a worker's preferences than loneliness, and Gen Z workers are mixed about returning to the office full time. For her — and many other Gen Z workers — the solution may come in some form of flexibility.
Persons: Ben Fitchett didn't, Fitchett, Ben Fitchett, Ben Fitchett Young, Aaron Terrazas, , Cigna, Hubert Palan, Z, Covid —, Palan, Vivek Murthy, it's, Mansoor Soomro, Soomro, Gen, Juanita Garcia, Garcia, who've, Zers, Anita Pan —, Anita Pan, Pan, Ricky Yean, Zers —, Yean, Bianca Wu, Bianca Wu Bianca Wu, Wu, wouldn't Organizations: Company, Teesside University, Starbucks, Flow, Dell Locations: New Zealand, Los Angeles, New York, Washington , DC, Bay
Palestinian tech workers in the Gaza Strip and West Bank are struggling to operate in the crossfire. AdvertisementAdvertisementPalestinian tech workers have comparatively fewer resources (namely internet connectivity and cash) at their disposal and tend to be reliant on outsourced work. This affects remote workers, freelancers, tech workers, and students who "won't be able to pursue their duties," Shtaya added. It was already difficult to import hardware and other equipment, the West Bank consultant said. Nvidia hired 100 engineers in the West Bank, and Apple also has a presence, TechCrunch reported.
Persons: , Ryan Sturgill, TechCrunch, Avi Hasson, Israel, Mona Shtaya, Shtaya, PayPal doesn't Organizations: Hamas, West Bank, Service, Aqsa University, Google, Microsoft, TechCrunch, Mercy Corps, Israel Innovation Authority, Nation Central, Gaza Health Ministry, Gaza, Institute, Middle East, Bank, Israel, Wired, PayPal, Tech, Nvidia, Apple Locations: Gaza, Palestinian, Al, Israel, Hamas, Egypt, Europe, Persian
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