IBM To Dismantle Remote Working, Signaling A Workplace Shift

IBM
Ibm Office Building In Amsterdam

Once the pioneer of remote working, IBM is requiring thousands of remote workers to either relocate to a regional company office or find another job.

IBM has suffered from 20 consecutive quarters of declining revenue and executives are targeting the company’s long established remote work program in a bid to increase work production and collaboration.

The shift comes as a surprise, considering IBM has been one of the strongest advocates for remote work, publishing many supportive studies of the practice over the years, the Wall Street Journal reports.

The company said the decision has nothing to do with cutting costs, and is about fostering collaboration. IBM’s decision to scale back on remote working could signal a shift in how companies treat the practice generally. Yahoo, Bank of America and Aetna have also taken steps to reduce telecommuting and get employees back in the office.

Last month the computer giant signed a deal with WeWork to lease an entire 70K SF Manhattan building. In the first deal of its kind, WeWork will manage the building on behalf of IBM.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Airbnb Launches $250M Fund To Invest In Affordable Housing