"It's getting harder to find and keep remote jobs, five years out from the start of the pandemic. This year has been a big one for companies, especially in finance and tech, calling people back to the office, many full time. Just in the last couple of weeks, Novo Nordisk and Paramount told employees they'd have to start coming in five days, and Microsoft and NBCUniversal announced they would be upping the number of required days in the office, too."
"'The biggest thing is the swing from being an employee market versus an employer market,' said Kate Lister, president of Global Workplace Analytics. For much of the last few years, she said, 'companies were desperate for people, so they were doing anything they could to keep them happy.' One way to do that was to let people keep working remotely, at least some of the time. Today, about 35% of people work from home at least one day a week."
Large companies in finance and tech are increasingly rescinding remote-work policies and requiring more in-office days, with many mandating five-day weeks. Novo Nordisk, Paramount, Microsoft, NBCUniversal and others announced heightened return-to-office requirements this year. A majority of Fortune 100 employees are now required to be in the office five days weekly, up from 5% in 2023. About 35% of people still work from home at least one day per week. A cooling labor market, economic worries, and the spread of artificial intelligence have reduced incentives to offer flexibility. Firms led by powerful male CEOs and those with lagging stock performance are especially likely to impose full-time in-office mandates.
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