AirBNB has extended work from home until the end of August 2021 – now the longest tech company work from home policy.
That said, new data from CBRE shows these companies ARE investing office space – Amazon adding 900,000 square feet in NYC, Phoenix, Dallas, Detroit, San Diego, and Denver, with Facebook expanding in midtown Manhattan. The company conducted a survey, and here’s the highlights across 126 companies:
- 79% say the importance of the physical office will decrease slightly or remain the same when the coronavirus crisis is over.
- 61% of respondents say employees will be able to work remotely at least part of the time in the post-pandemic world.
Why do we care?
Yesterday, I commented that I didn’t see where all of that solution provider optimism was coming from for a Q4 recovery. The big tech companies certainly don’t think we’ll be back in offices. They are openly saying they don’t expect it. That’s a big takeaway for me.
The physical space is changing. Nothing will be absolute – a wonderful cliché. There WILL be a need to get together (as there has always been) but it will not be the only way people work nor happening five days a week.
The good news is that technology and technology services enable this – the key is making sure you’re at the table in the business decisions.
Source: Business Insider