Snap’s latest salvo comes out against tech employers’ return to office

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Snap’s latest salvo comes out against tech employers’ return to office

There is an emerging battle line between tech employers and their workers in the office.

Management wants them back in at least three days a week, while the rank and file want to work from home. Something has to be given.

The latest salvo came from Snap Inc. According to an internal memo obtained by Bloomberg, SNAP expects employees to spend at least 80% of their time in office. Evan Spiegel, Snap Chief Executive, believes that the policy, which starts in February, will help the company achieve full potential and allow workers to reach their collective success. Companies are seeing onsite workers as essential to maximizing revenue, with companies contracting their workforces and pinching pennies amid a wobbly economy. Market researcher IDC predicts that large companies that deploy reactive and tactical hybrid work models will suffer a loss of 20% in 2024 because of job attrition and underperforming teams.

Nearly 500 employees at C 3. ai Inc. AI fill three floors of a office building in Redwood City, Calif. It takes a trip around the expansive parking lot to find a space.

Tom Siebel, company CEO, told MarketWatch that they had been there for a year. Look at that packed parking lot. After years of COVID-mandated isolation, tech executives anticipate a return to work. There is more momentum of employers pressing workers to return to the office at least four days a week, according to Box Inc. It is important to have people work side by side and in person. Paul Friesen, chief marketing officer of Rapid, said they advocate for three days in the office a week: We value having employees come together, collaborate and drive productive outcomes in person, while also understanding the new world work environment and the need to balance in office with work from home and remote experiences.