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Today we are watching…
1. Twitterย (#twit)
The work-from-home catalyst has been triggered, and now tech firms donโt see the point in going back to the old ways. Jack Dorsey of Twitter has given the go-ahead for permanent remote working, effective immediately. The markets love this idea. The company will save on rent, and itโll probably get away with cutting salaries. It will help the company be nimbler, they say, and workers will be able to spend more time with family and less time commuting through rush hour traffic. Itโs all good for the stock, but are we undervaluing good, in-person interactions? Zuck, say you?
2. Facebook (#fb)
Mark Zuckerbergโs fallen for the work-from-home life, too. Heโs been discussing the past few weeksโ experiences, and is announcing a target for half of the companyโs employees to work remotely from 2025. He says Facebook is โaggressively opening up remote hiring,โ but heโs not received a health reception like Jack Dorsey of Twitter. The public is anxious; it doesnโt have a suitable work-from-home space. Itโs anxious; this is just an excuse to cut salaries. Itโs worried about keystrokes and surveillance. Itโs anxious that instead of competing for a job against people in your local city, youโre now competing against people all around the world. Itโs tough being Zuck!