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Why Wall Street is in such a rush to get workers back to the office
Article

Why Wall Street is in such a rush to get workers back to the office

CNN, 2021


Editorial Rating

8

Qualities

  • Eye Opening
  • Overview
  • Concrete Examples

Recommendation

Wall Street is insisting that employees return to their offices as soon as possible, says CNN Business journalist Matt Egan. He explains why the big financial firms are prioritizing doing business face-to-face. Their executives believe that having people work together confers a competitive advantage, strengthens corporate culture, and reduces the regulatory and security risks associated with remote work. But, given remote work’s widespread acceptance, will insisting on people’s presence in the office make veteran employees or prospective talent choose to work elsewhere?

Take-Aways

  • Wall Street powerhouses want employees back working in their offices as quickly as possible.
  • Wall Street business leaders believe corporate culture, training and mentoring function best face-to-face.
  • Remote work raises risk management concerns regarding regulatory compliance and cybersecurity.

About the Author

Matt Egan, a lead writer for CNN Business, covers Wall Street, energy and the day’s most important financial and corporate news.


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