Stanford economist Nick Bloom this week declared that “Return to Office” is dead and remote work is here to stay despite in-person mandates.
WFH levels have become "flat as a pancake". The latest Census, SWAA and Kastle data all show the same thing. Levels of WFH were falling throughout 2020 to 2022, and office occupancy was rising. That trend ended in 2023, with both now pancake flat. Return to the Office is dead. pic.twitter.com/8PxoY05Ept
— Nick Bloom (@I_Am_NickBloom) November 28, 2023
In this week in a Tweet (X) Stanford Economist, Nick Bloom wrote “Levels of WFH [working from home] were falling throughout 2020 to 2022, and office occupancy was rising,”. That trend ended in 2023, with both now pancake-flat. Return to the Office is dead.
Responding to a few questions on the source of this data, he said that it comes from http://wfhresearch.com on the data page (you can get this anytime).
The latest data from the Census, SWAA and Kastle show that the trend of decreasing levels of WFH and increasing office occupancy has ended, with both now remaining flat. This suggests that the return to the office is no longer happening.
WFH levels have become “flat as a pancake”. The latest Census, SWAA and Kastle data all show the same thing. Levels of WFH were falling throughout 2020 to 2022, and office occupancy was rising. That trend ended in 2023, with both now pancake flat. Return to the Office is dead.
However, many companies trying to bring their employees back to the workplace. Oflate, many Tech companies ended up working from Home and started calling their employees to Work From Office. IT and Tech companies revised their remote working policies.
Recently, Tata Consultancy Services (TCS) has ended the hybrid work policy and asked its employees to work from the office 5 days a week from October 1, 2023 onwards. Those employees who don’t comply with the rules will face disciplinary action.
After TCS, IT giant Infosys, Wipro, HCL has also ended the work from home and asked its employees to come to the office least three days a week.
Amazon has also warned employee promotions may be impacted if they don’t Return to office, and said that if your role is expected to work from the office 3+ days a week and you are not in compliance, your manager will be made aware and VP approval will be required.
