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Out of office: There aren't enough remote jobs to go around

Out of office: There aren't enough remote jobs to go around

Two-and-a-half years on from when the pandemic shuttered workplaces and offices around the globe, the demand to retain one major element of the ‘new normal’ remains very high: remote work.

Not a week goes by without a major company asking — or perhaps more accurately telling — workers to come back to the office. Employees at major banks like JPMorgan and Goldman Sachs are back in the office and even many of the most innovative tech companies now have a hybrid arrangement with at least some facetime in the office. On Tuesday, Snap Inc. told employees to show up in-office at least 80% of the time.

Out of office, in demand

Many who have clearly adapted to the WFH lifestyle appear keen to keep the commute out of their working lives and join the reported 30% of workers who are still logging in remotely. The typical employer, however, has other plans.

Indeed, as reported by The Washington Post, 50% of job applications on LinkedIn last month were for remote work positions, despite the fact that from-home postings made up just 15% of the listings on the site. Compared to the same month in 2020, when fewer than one-in-six applications were for remote roles on LinkedIn, it’s clear that the sort of work the job-seeking populus has appetite for has changed in a way that the market may not be able to meet.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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