Snap Takes a Page Out of Elon Musk’s Playbook, Orders Employees Back to the Office

Snap Takes a Page Out of Elon Musk’s Playbook, Orders Employees Back to the Office

Snap Takes a Page Out of Elon Musk’s Playbook, Orders Employees Back to the Office
Snap Takes a Page Out of Elon Musk’s Playbook, Orders Employees Back to the Office
Retail Bum

Retail Bum

Retail Bum

Retail Bum

Share

It looks like Snap Inc.’s CEO Evan Spiegel is taking a page out of Elon Musk’s playbook (with some modifications) by ordering his staff back to the office.

According to an internal memo, Snap employees will be expected to spend at least 80% of their time in the office beginning in February 2023. That translates to just about four days a week for most employees.

Spiegel is dubbing the initiative “default together,” and it aims to help Snap achieve its “full potential.” In the memo, Spiegel said that the new mandate will require workers to give up “individual convenience” for the firm’s “collective success.”

“Default together” is expected to apply to all of Snap’s 30 offices worldwide.

The new employee requirement backtracks the company’s remote-first policy, which began during the COVID-19 pandemic. Spiegel, however, now believes that the extended period of work-from-home has led employees to forget “what we’ve lost—and what we could gain—by spending more time together.”

Many companies have tried to enforce a return-to-work policy, with the latest being Twitter. However, some speculate that Musk’s mandate was tactical and played as an effort to weed out employees. The same notion could be said for Spiegel as he cut 20% of Snap’s workforce back in August 2022, following the company’s low quarterly revenue growth. That said, this maneuver could be another attempt to streamline the workforce even further.

MUST READS
Estée Lauder Expects Smaller Decline in Sales

Estée Lauder Expects Smaller Decline in Sales

Estée Lauder is expecting a smaller decline in annual sales than anticipated, thanks to resilient demand for its skincare and fragrance products. In the U.S., the company is benefitting from continued demand from wealthier consumers who are indulging in smaller purchases, such as fragrances and

JD.com Shifts Growth Strategy, Exits Indonesia and Thailand

JD.com Shifts Growth Strategy, Exits Indonesia and Thailand

Chinese eTailer JD.com is shutting down its business in Indonesia and Thailand as the company looks to focus its international strategy on supply chain and logistics services. The marketplace plans to stop accepting orders in Indonesia by mid-February and fully wrap up its seven-year-old business

No more posts to show, explore other topics: