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Even ultimatums aren’t enough to drive America’s workers back to the office en masse

With media giants Paramount, AT&T and The New York Times joining Microsoft and Amazon in stepping up their office attendance requirements, Corporate America seems keen to return back to the old normal... if only their employees would heed the call.

A growing number of return-or-exit ultimatums and crackdowns from companies don’t seem to be moving the needle, as the share of time that Americans spend working from home has plateaued for much of the last year. Data first reported by The Wall Street Journal from the US Survey of Working Arrangements and Attitudes reveals that an average staffer has been spending about a quarter of their working time from home since 2023, when the share gradually dropped from a pandemic peak of 62%.

The share of people working from home stayed stagnant since 2023
Sherwood News

Per the WSJ, people also chose to spend merely 1% more days in the office every month since the start of 2024 — some 1.4 hours more on average — even as 12% more companies in the US now require employees to work in the office over the same period.

Tighter requirements could foreshadow job cuts, as stricter policy changes often precede or follow layoff announcements. Indeed, the Federal Reserve’s August labor market update observed that some employers were reducing head counts through attrition — encouraged, at times, by return-to-office policies, as working from home increasingly becomes a nonnegotiable for many, even if that means voluntarily quitting or cutting pay at times.

A growing number of return-or-exit ultimatums and crackdowns from companies don’t seem to be moving the needle, as the share of time that Americans spend working from home has plateaued for much of the last year. Data first reported by The Wall Street Journal from the US Survey of Working Arrangements and Attitudes reveals that an average staffer has been spending about a quarter of their working time from home since 2023, when the share gradually dropped from a pandemic peak of 62%.

The share of people working from home stayed stagnant since 2023
Sherwood News

Per the WSJ, people also chose to spend merely 1% more days in the office every month since the start of 2024 — some 1.4 hours more on average — even as 12% more companies in the US now require employees to work in the office over the same period.

Tighter requirements could foreshadow job cuts, as stricter policy changes often precede or follow layoff announcements. Indeed, the Federal Reserve’s August labor market update observed that some employers were reducing head counts through attrition — encouraged, at times, by return-to-office policies, as working from home increasingly becomes a nonnegotiable for many, even if that means voluntarily quitting or cutting pay at times.

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Prediction markets show “One Battle After Another” leads in Oscar race for Best Picture

It’s finally Oscars week — and with voting officially closed, all that’s left to do is count the ballots and wait to see who wins this Sunday night. 

This year, the acting categories have been the most interesting to watch, especially the showdown between “Marty Supreme” star Timothée Chalamet and “Sinners” actor Michael B. Jordan for Best Actor. While Chalamet was long the favorite, Jordan has caught up and overtaken him after winning the Actor Award.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

But perhaps the most exciting race of all is for Best Picture. Out of the 10 nominees, the two at the top are Paul Thomas Anderson’s “One Battle After Another” and Ryan Coogler’s “Sinners,” both of which are studio releases from Warner Bros. Discovery

Which will win the top prize seems to be split among award pundits and experts. As of Monday afternoon, Gold Derby still has “One Battle After Another” as the front-runner with odds of 76.87%. AwardsWatch, AwardsRadar, and Numlock Awards are also still predicting that “One Battle After Another” will take the statue for Best Picture.

On the other side, reporters from some major trade publications like Variety’s Clayton Davis and The Hollywood Reporter’s Scott Feinberg predict that “Sinners” will take the top honor.

Odds in the prediction markets currently show that “One Battle After Another” is still ahead of “Sinners,” with the former priced in at 75% while the latter is priced at 23%.

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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.