Today’s read is from Steve LeVine, Editor at Large at Medium.com. Here’s an excerpt:
And the move to remote work doesn’t show signs of stopping anytime soon. In recent months, many companies, including JPMorgan Chase, Ford Motor, Twitter, and REI have announced some version of a long-term or permanent work-from-home future. Pinterest turned heads when it announced it would pay a $89.5 million contract penalty to cancel its lease on a flashy new 490,000-square-foot office building planned in San Francisco, citing a permanent shift to remote work. The pandemic has convinced these and other companies that their employees can perform their jobs, perhaps even more productively, at home, allowing a massive shrinkage of corporate America’s physical office footprint. It will save these companies leasing costs and their employees their commutes, but at what cost to the rest of the economy?