Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other distresses. At the same time, many companies are relocating or centralizing their headquarters. That’s why, for today’s CFOs, the cost and cultural balance around return to office versus remote work and other hybrid setups is top of mind...
Gone are the days of static office cubicles and inflexible organizational structures. Today, traditional notions of space and operations are giving way to dynamic, interconnected hubs promising enhanced communication and seamless interactions for remote and hybrid workers. This transformation, powered by the integration of technology...
For some workers, working from home no longer seems like an attractive option. As Bloomberg News noted in a recent report, the white-collar labor market has cooled, leading companies to scale back their work-from-home offering. The report, citing information from employment firm Live Data Technologies, says that fully...
WeWork says it expects its warrants to be delisted from the New York Stock Exchange (NYSE). The troubled co-working company announced Tuesday (Aug. 22) that the trading on the company’s warrants would be halted after the NYSE determined they had reached “abnormally low” prices. “The Company...
July 11, 2023
This next installment of PYMNTS’ mini-series on consumer behaviors popularized during the pandemic demonstrates that workers may be in no rush to return to the office. The rate of employees engaging in remote work has continued to rise, with the growing shares illustrated in proprietary research carried out in preparation for PYMNTS’ May “ConnectedEconomy™ Monthly […]
March 16, 2023
How consumers at different income levels behave around and interact with the connected economy diverges considerably, as new PYMNTS data shows. For example, the study “The ConnectedEconomy™ Monthly Report: Digitally...
August 02, 2022
As the idea of a permanently remote workforce gains acceptance after two years of COVID-enforced telecommuting, it isn’t exactly surprising that companies that started looking for talent beyond their own...
December 01, 2021
The pivot toward work-from-home environments has opened up new vulnerabilities that allow fraudsters to target B2B payments. Nithai Barzam, chief operating officer of nsKnox, a cyber FinTech focused on fraud...
June 13, 2024
Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday (June 13), citing a filing with the Financial Industry Regulatory […]
February 25, 2024
For some workers, working from home no longer seems like an attractive option. As Bloomberg News noted in a recent report, the white-collar labor market has cooled, leading companies to scale back...
August 23, 2023
WeWork says it expects its warrants to be delisted from the New York Stock Exchange (NYSE). The troubled co-working company announced Tuesday (Aug. 22) that the trading on the company’s warrants...
August 04, 2023
The shift to remote work during the pandemic still drives changes in the travel and hospitality industries. For short-term rental platform Airbnb, customers’ ability to work remotely contributes to a trend...
