Major financial firms in London’s Square Mile are reversing remote work allowances, reinstating mandatory in-office attendance four to five days a week as they aim to rebuild collaboration and culture.
Author: Spencer Lee
Spencer is a tech enthusiast and an AI researcher turned remote work consultant, passionate about how machine learning enhances human productivity. He explores the ethical and practical sides of AI with clarity and imagination. Twitter
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Peel Hunt, a London-based investment bank, has revised its hybrid policy, now asking employees to work in-office four days a week—up from a more flexible arrangement. This reflects a broader tightening trend in financial sector hybrid models.
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Dropbox CEO Drew Houston has publicly criticized mandatory return-to-office policies, likening them to outdated practices such as frequenting malls or movie theaters. He advocates for a ‘virtual first’ approach, emphasizing trust-based remote work over enforced in-person attendance.
In a significant policy shift, the Texas Legislature has passed a bipartisan bill allowing state agencies to set their own remote work policies, countering Governor Greg Abbott’s earlier mandate for a full return to office. This move aims to enhance flexibility, improve employee satisfaction, and aid in talent retention across state departments.
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