Article Hero

Dropbox employees to permanently work remotely

1602678481.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 October 2020
Another San Francisco-based company to make remote work a standard

The pandemic didn't give much room for companies to operate correctly.  Companies like Twitter, Facebook, or Google have decided to revise their work-from-home strategy and transitioned to permanent remote work. Dropbox is the latest tech company to join this movement.

The San Francisco – based company announced that it would stop requesting its employees to come to the office, switching to remote work permanently.

"Remote work (outside an office) will be the primary experience for all employees and the day-to-day default for individual work," read the company's blog post.

If a live meeting is necessary, workers could meet in Dropbox Studios in San Francisco, Dublin, and Austin when it's safe to do so. Moreover, the company will have "non-linear workdays" and a Virtual First Toolkit. The former will allow employees to develop their working schedules, while the latter offers resources on how to work effectively from home.

Dropbox extended mandatory work from home until June 2021. This decision came after various surveys conducted by the company showed that roughly 90% of the employees stated that they are more productive at home and don't want to return to the classic office workweek.

Following the news, Dropbox stock price closed 1.55% higher.

Read on how Microsoft and Google addressed the situation!

Sources: cnbc.com, foxbusiness.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.