Is Work-From-Home Still the New Normal For Corporate America?

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And just as the world started to return to normal with the arrival of COVID vaccines, companies and their employees entered a cold war over return-to-office mandates.Now, five years out, the work-from-where debate is reaching a fever pitch. Earlier this year, corporate giants such as Amazon and JPMorgan Chase — as well as much of the US federal government — ordered employees to return to the office a full five days a week. More recently, Paramount and Novo Nordisk have declared an end to remote work, while Microsoft and NBCUniversal beefed up their hybrid work requirements.The return-to-office (RTO) orders have taken on new weight amid a softening labor market and broader economic anxiety. Meanwhile, the corporate world’s multi-year work-from-home (WFH) experiment has left the relative merits of remote work solely in the eye of the beholder (though it’s seldom difficult to guess which people on your company’s org chart hold which opinions). Basically, depending on whom you ask, remote work has officially become the cause of — or solution to — all of the corporate world’s problems.READ ALSO: Can a Fed Rate Cut Boost the Magnificent Seven to New Heights? and Caught Between Painful Present and Optimistic Outlook: Copper’s Tariff Price OdysseyDespite the raft of high-profile return-to-office orders this year, the actual WFH rate has remained roughly stable since 2023, experts told The Daily Upside. About 62% of salaried employees worked from an office full-time in August, according to data from university researchers Nicholas Bloom, Jose Maria Barrero and Steven J. Davis — roughly flat since RTO orders came back in full swing in 2023, though way below pre-pandemic norms. About 25% of full work days have been WFH since 2023, the researchers have also found.“There does appear to be a slight uptick in RTO activity” this summer, Bloom, a professor of economics at Stanford University who has studied WFH trends since 2004, told The Daily Upside. The Placer.ai Nationwide Office Building Index, which tracks foot traffic data from about 1,000 top-tier office buildings across the country, showed foot traffic was up about 10% year-over-year in July, and another 2.9% in August — though it still remains about 30% below the 2019 level.One reason the overall figures may still look flat, despite major new RTO orders? “Big shrinking firms are tending to RTO, while younger growing firms tend to be more WFH. This generates offsetting impacts, and it’s very possible the net impact is zero,” Bloom said.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,617.50 -4.00 (-0.06%)Dow Futures45,895.00 -26.00 (-0.06%)Nasdaq Futures24,296.50 -12.75 (-0.05%)Russell 2000 Futures2,424.10 -1.50 (-0.06%)VIX15.69 +0.93 (+6.30%)Gold3,721.70 +2.70 (+0.07%)PortfolioSign in to access your portfolioSign inTop gainersUUUU Energy Fuels Inc. 13.82 +1.89 (+15.84%)OKLO Oklo Inc. 95.68 +12.97 (+15.68%)FIGR Figure Technology Solutions, Inc. 37.33 +4.83 (+14.86%)RZLV Rezolve AI PLC 7.72 +0.96 (+14.20%)DGNX Diginex Limited 10.50 +1.10 (+11.70%)Top losersMENS Jyong Biotech Ltd. 51.82 -9.68 (-15.74%)LRN Stride, Inc. 139.76 -18.60 (-11.75%)ABTC American Bitcoin Corp 7.08 -0.82 (-10.33%)RNA Avidity Biosciences, Inc. 40.22 -4.52 (-10.10%)RELY Remitly Global, Inc. 16.67 -1.49 (-8.20%)Most activeOPEN Opendoor Technologies Inc. 9.50 +0.43 (+4.69%)TSLA Tesla, Inc. 410.04 +14.10 (+3.56%)NVDA NVIDIA Corporation 177.75 -0.07 (-0.04%)SNAP Snap Inc. 7.46 +0.12 (+1.63%)GRAB Grab Holdings Limited 6.14 +0.14 (+2.33%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersGOOG Alphabet Inc. 251.76 +10.38 (+4.30%)OKLO Oklo Inc. 95.68 +12.97 (+15.68%)ASML ASML Holding N.V. 867.30 +53.43 (+6.56%)GOOGL Alphabet Inc. 251.61 +10.81 (+4.49%)UBER Uber Technologies, Inc. 98.85 +2.96 (+3.09%)Top economic events