CNBC: We're not going back... to the office

Here's why, from this morning on Squawk Box

High-profile companies from Boeing to Microsoft have announced layoffs. Amazon and others are demanding that workers return to the office five days a week.

So is the balance of power shifting to bosses from employees?

Not so fast. As I pointed out on CNBC’s Squawk Box this morning, companies that are mandating full time in the office remain in the minority. Some 80% of companies still offer some version of hybrid work. The reason? It works:

• 98% of employees want remote options at least some of the time.

• Productivity remains steady for hybrid workers, while employee happiness and retention soar, per Stanford University’s Nicholas Bloom.

• RTO mandates don’t help financial results, U of Pittsburgh researchers found. Neither share price nor earnings improve - but employee satisfaction plummets.

Here’s our conversation:

Separately, I’m excited to share that in April, I’ll be cohosting a weeklong seminar-slash-resort week in Santa Fe with Wendy Bounds, author of the terrific new book “Not Too Late.” We’ll be leading a workshop on “What’s Next? Strategies for a Powerful Pivot” from April 14 to 19th, through Modern Elder Academy, along with cofounder Chip Conley. at the gorgeous Rising Circle Ranch. I hope you’ll join us!

I’m always eager to hear from you! Until next time,

Joanne