Yahoo’s CEO Marissa Mayer bans Working from home policy
Yahoo! Inc. Chief Executive Officer Marissa Mayer has decided Yahoo employees who work remotely relocate to company facilities from June.
On February 22, AllThingsD published a leaked copy of a Yahoo memo.
“Speed and quality are often sacrificed when we work from home,” reads the memo to employees from HR head Jackie Reses. “We need to be one Yahoo!, and that starts with physically being together.”
According to All Things D, in an internal memo, she said that ‘to become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side.
A memo explaining the policy change, from the company’s human resources department, says face-to-face interaction among employees fosters a more collaborative culture.
Bank of America, for example, which had a popular program for working remotely, decided late last year to require employees in certain roles to come back to the office.
People who work from home tend to have less stress and are more productive, partly because they don’t invest time and money in commuting, said Brad Harrington, executive director of the Boston College Center for Work & Family.
Mayer, who last year became Yahoo’s fifth CEO in four years, worked from her California home in October in the weeks following the birth of her first child.
Mayer had decided on the ban due to various reasons. As per the sources, the company has majority of the employees working remotely, and they weren’t productive. Another side-benefit to this move is that certain remote workers will quit which helps Yahoo! to cut costs.
