Former Google CEO and Executive Chairman Eric Schmidt is reportedly not a fan of remote work. Speaking to students at Stanford University, Schmidt said that Google’s offering of remote work has caused it to fall behind in the artificial intelligence (AI) competition, The Wall Street...
Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday...
Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other distresses. At the same time, many companies are relocating or centralizing their headquarters. That’s why, for today’s CFOs, the cost and cultural balance around return to office versus remote work and other hybrid setups is top of mind...
Gone are the days of static office cubicles and inflexible organizational structures. Today, traditional notions of space and operations are giving way to dynamic, interconnected hubs promising enhanced communication and seamless interactions for remote and hybrid workers. This transformation, powered by the integration of technology...
July 11, 2023
This next installment of PYMNTS’ mini-series on consumer behaviors popularized during the pandemic demonstrates that workers may be in no rush to return to the office. The rate of employees engaging in remote work has continued to rise, with the growing shares illustrated in proprietary research carried out in preparation for PYMNTS’ May “ConnectedEconomy™ Monthly […]
March 16, 2023
How consumers at different income levels behave around and interact with the connected economy diverges considerably, as new PYMNTS data shows. For example, the study “The ConnectedEconomy™ Monthly Report: Digitally...
August 02, 2022
As the idea of a permanently remote workforce gains acceptance after two years of COVID-enforced telecommuting, it isn’t exactly surprising that companies that started looking for talent beyond their own...
December 01, 2021
The pivot toward work-from-home environments has opened up new vulnerabilities that allow fraudsters to target B2B payments. Nithai Barzam, chief operating officer of nsKnox, a cyber FinTech focused on fraud...
September 16, 2024
Amazon plans to reduce the number of managers in each of its organizations and to require employees to work primarily in an office. The company is making these changes as part of its efforts to “operate like the world’s largest startup,” Amazon CEO Andy Jassy wrote in a message shared with the company’s employees and […]
August 14, 2024
Former Google CEO and Executive Chairman Eric Schmidt is reportedly not a fan of remote work. Speaking to students at Stanford University, Schmidt said that Google’s offering of remote work...
June 13, 2024
Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of...
February 25, 2024
For some workers, working from home no longer seems like an attractive option. As Bloomberg News noted in a recent report, the white-collar labor market has cooled, leading companies to scale back...
