Robinhood Plans to Allow Most of Its Staff to Work Remote Permanently
(Bloomberg) -- Robinhood Markets Inc. plans to allow most employees to work remotely on a permanent basis, embracing a work from home policy that began with the Covid-19 pandemic.
The Menlo Park, California-based company will not require staff to go into offices regularly, according to a statement Wednesday. Employees will still have access to offices. The plan follows a similar move by Twitter Inc. in 2020.
The Covid-19 pandemic has prompted companies from Wall Street to Silicon Valley to rethink the necessity of offices. While securities firms and banks have primarily sought to have employees return, some technology companies have been more flexible.
But those trying to get employees back to in-person setups have faced repeated setbacks. Earlier this week, Facebook parent Meta Platforms Inc. delayed plans to return workers to offices until March, and will require booster shots for those that do so. Last month, Apple Inc. scrapped its Feb. 1 return deadline without setting a new date.
Robinhood said on Wednesday that limited exceptions will apply to the new plan as some teams may need to live within a commutable distance to an office for regulatory or business reasons.
“With our primarily remote approach, we provide employees with the flexibility they need to work where they are most comfortable and productive whenever we can,” the company said in the statement.
Robinhood also said it is exploring technology to smooth out collaboration among employees working in offices and at home.
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