Big companies delay returning to offices — again

Some aiming for Labor Day return, but others have stopped all efforts

National /
Feb.February 18, 2021 11:35 AM
(iStock)

(iStock)

What’s the point of setting a deadline you’ll know you’ll miss? That seems to be the prevailing attitude in some C-suites when it comes to getting employees back in offices.

Some major companies, such as Alphabet and Grant Thornton LLP, have said employees will return to the office on Labor Day or at the end of the summer, but other firms have simply stopped making plans, according to the Wall Street Journal.

Among the companies that have recently announced that work-from-home is here to stay forever are Salesforce, whose president recently declared that the “9-to-5 workday is dead,” and Spotify, which will implement a “work from anywhere” policy for its employees. Other major employers — including Zillow, Twitter and Dropbox — had already enacted similar policies.

Elizabeth Mygatt at McKinsey & Co. said that she’s seeing an increased hesitancy among companies to announce return dates.

“Everyone’s in the moment of limbo,” she told the publication. “They want certainty, but they know they can’t have it.”

A survey of 2,200 U.S workers found that 44 percent of respondents didn’t know what their companies’ plans to return to the office were, up from 37 percent in September.

With the rollout of the vaccine progressing more slowly than expected, new strains of the virus emerging and schools remaining remote, companies and employees are tempering their expectations of returning to normal this year.

In October, only about 10 percent of office workers in Manhattan returned to their desks, though some companies reported occupancy as high as 20 percent. But the number of employees reporting to their offices dropped again in the holiday season as infection rates began to rise.

[WSJ] — Erin Hudson


Related Articles

arrow_forward_ios
Vornado’s Steven Roth (Getty, iStock/Illustration by Ilya Hourie for The Real Deal)
Urban retail not recovering like malls, shopping centers: Vornado
Urban retail not recovering like malls, shopping centers: Vornado
KKR founders Henry Kravis, George Roberts step down as co-CEOs
KKR founders Henry Kravis, George Roberts step down as co-CEOs
KKR founders Henry Kravis, George Roberts step down as co-CEOs
Real estate’s richest get richer on Forbes’ billionaire list
Real estate’s richest get richer on Forbes’ billionaire list
Real estate’s richest get richer on Forbes’ billionaire list
After Newmark partnership ends, Knight Frank inks deal with Cresa
After Newmark partnership ends, Knight Frank inks deal with Cresa
After Newmark partnership ends, Knight Frank inks deal with Cresa
The hotel recovery is far from complete
The hotel recovery is far from complete
The hotel recovery is far from complete
HFZ, partners put historic Detroit building on the market
HFZ, partners put historic Detroit building on the market
HFZ, partners put historic Detroit building on the market
Starwood Property Trust CEO Barry Sternlicht (Getty, iStock)
Washington is “putting kerosene on an open fire” with spending bills: Sternlicht
Washington is “putting kerosene on an open fire” with spending bills: Sternlicht
These hotel markets have entered a depression
These hotel markets have entered a depression
These hotel markets have entered a depression
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...