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Elon Musk Modifications His Thoughts And Is Now A Fan Of Distant Work


Twitter is closing its Seattle and Singapore places of work as a part of steady cost-cutting measures below its new proprietor, and CEO Elon Musk is directing workers to work remotely in these areas. 

Regardless of Musk’s earlier declare that those that work remotely are solely “pretending to work,” Musk nonetheless banned distant work at Twitter after taking management of the corporate in early November.

So what’s the motive for his change of thoughts? Apparently, it’s the expense of the corporate’s Seattle headquarters, together with lease and different companies akin to cleansing and safety.

The truth that Musk, a fierce critic of distant work, has admitted its cost-saving advantages reveals how essential distant work might be to the U.S. financial system sooner or later. It reveals how false many headlines declare {that a} coming recession will put an finish to distant work as a result of a weakening labor market will give managers extra energy to require workers to come back into the workplace.

However in follow, the impression of a recession on distant work goes past the essential leverage of a shrinking labor market. In fact, it’s true that employers have extra energy throughout a recession. They have to concurrently give attention to optimizing the return on their workers’ investments.

Recommended: 25 Greatest Distant Jobs 2023

elon musk and twitter logo

Managers have extra freedom to decide on in accordance with their private preferences throughout financial upturns. However in downturns, they could must train extra restraint and rely extra closely on information to make selections which can be financially helpful to the corporate, akin to Musk’s resolution to have Twitter workers work remotely to chop prices. Distant work advantages from this emphasis on enterprise success over particular person preferences.

It has been confirmed that working remotely is extra productive than working in an workplace. Due to this fact, encouraging distant work is vital in occasions of cost-cutting, as a result of increased productiveness means corporations want fewer workers to do the identical quantity of labor. In the summertime of 2020, distant employees have been 5% extra productive than workplace employees, in accordance with a Stanford Faculty examine. 

As corporations improved their distant work practices and invested in know-how that enabled distant work, the productiveness hole elevated to 9% by spring 2022.



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