Another San Francisco-based company to make remote work a standard
The pandemic didn't give much room for companies to operate correctly. Companies like Twitter, Facebook, or Google have decided to revise their work-from-home strategy and transitioned to permanent remote work. Dropbox is the latest tech company to join this movement.
The San Francisco – based company announced that it would stop requesting its employees to come to the office, switching to remote work permanently.
"Remote work (outside an office) will be the primary experience for all employees and the day-to-day default for individual work," read the company's blog post.
If a live meeting is necessary, workers could meet in Dropbox Studios in San Francisco, Dublin, and Austin when it's safe to do so. Moreover, the company will have "non-linear workdays" and a Virtual First Toolkit. The former will allow employees to develop their working schedules, while the latter offers resources on how to work effectively from home.
Dropbox extended mandatory work from home until June 2021. This decision came after various surveys conducted by the company showed that roughly 90% of the employees stated that they are more productive at home and don't want to return to the classic office workweek.
Following the news, Dropbox stock price closed 1.55% higher.
Visit our website to find out more!
Sources: cnbc.com, foxbusiness.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance and forecasts are not reliable indicators of future results.