The rise of remote work is significantly impacting the US office market, with San Francisco's office market experiencing particular difficulties. Green Street has highlighted a 'black hole' of remote work affecting office occupancy across the country. In response to the shift towards remote work, Dell, in a memo reported by Business Insider, has implemented a stringent return-to-office mandate as of February, penalizing remote workers with negative consequences for not complying. This marks a departure from Dell's previously flexible hybrid work culture, as noted by CGTNAmerica, reflecting a broader trend of companies reevaluating their remote work policies. Despite growing demand for work from home (WFH) options, some companies in Bengaluru, as reported by @deepikacariappa, have decided to maintain the status quo for now. Analysts suggest that the current cycle of office demand will differ from the past, as remote work is expected to continue acting as a long-term headwind on office demand.
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US office occupancy faces 'black hole' of remote work, says Green Street @Reuters #CMBS https://t.co/sikBFxppLU
🚩 This cycle is likely to play out differently than previously as it will take a lot more new jobs to generate the same level of office demand as in the past because remote work will act as a long-term headwind on office demand. https://t.co/UZALryN4zC
As demand for WFH grows, companies in Bengaluru say status quo remains for now, @deepikacariappa reports https://t.co/es3NKxTAup
Dell, known for its long-standing hybrid work culture, recently implemented a stringent return-to-office policy, departing from its previous flexible approach. #CGTNAmerica https://t.co/m6vi6bJdlm
Dell introduced a return-to-office mandate in February that gives remote workers negative consequences for working from home, according to a new report by Business Insider. https://t.co/Rtdz3dc4q6
According to a new report by Business Insider, Dell introduced a return-to-office mandate in February that penalizes remote workers for working from home. https://t.co/Rtdz3dc4q6
🆕 @Dell's memo to the effect that those working remotely won't get promotions, shows how the pendulum has swung: from ardent support for work from home (#WFH) to championing work from office (#WFO).
US office occupancy faces 'black hole' of remote work, says Green Street https://t.co/ISgHmJt2xo https://t.co/MVyiGvBJNP
"Remote work continues to wreak havoc on San Francisco's office market—these other markets aren't too far behind" https://t.co/X1rdOhtJCC 👀 https://t.co/IVPLmJiRbz