Eastern Bank to Move HQ, Shrink Office Footprint
Eastern Bank is moving its main office to the tower at 125 High St. in downtown Boston in the spring, a short distance from its current home at 265 Franklin St.
Eastern Bank is moving its main office to the tower at 125 High St. in downtown Boston in the spring, a short distance from its current home at 265 Franklin St.
The share of New England workers doing their jobs remotely has leveled off, according to research presented to a conference organized by the Federal Reserve Bank of Boston last week.
Many employees have returned to the in-person daily grind more than two years after the pandemic reshaped public life, but economic impacts will be “pretty significant” if even a fraction of the workforce continues to embrace hybrid or remote models, Gov. Charlie Baker said on Thursday.
After Newton-based fintech startup Stavvy received over $40 million in series A venture capital financing last year, Chief Operating Officer Josh Feinblum and its HR team faced the task of looking for a new headquarters and onboarding hundreds of new employees.
New poll results show how entrenched remote work has become two years into the COVID-19 pandemic, and hint at the challenges facing places like downtown Boston.
Hybrid work schedules continue to prove popular among employers in Massachusetts, but inconsistent expectations of how much in-person time those entail could make it complicated for policymakers as they navigate the new reality, the head of a regional business group said.
Now that the country is reopening and some companies are calling their employees back to the office, more than a few pandemic-inspired buyers are having a change of heart.
An analysis commissioned by Gov. Charlie Baker suggests that demand for office space in Massachusetts could fall by 10 to 20 percent by 2030 thanks to the fallout from the COVID-19 pandemic, but significant questions remain.
Last year, companies around the U.S. scrambled to figure out how to shut down their offices and set up their employees for remote work as the COVID-19 virus suddenly bore down on the world.
Now, in a mirror image, they are scrambling to figure out how to bring many of those employees back.
Barely 1 in 10 people reported that their productivity had gone down during lockdown. So why would working from home have made most people more productive, but some less so?
About one-third of all workers in the world could be permanent telecommuters by the end of the year, a Pioneer Institute study warns.
Despite speculation by some that work-from-home is here to stay, even after COVID-19 restrictions are lifted, there are many indications that full-time remote work is neither sustainable nor strategic for the long-term health of companies and their people.
Silicon Valley and Seattle giants – Facebook, Microsoft, Apple, Twitter – were the first to send their employees home as the virus spread to the U.S. Now they’re among the last to return them to the office. Some of their employees might never go back.
As concern over the COVID-19 coronavirus grows, businesses are realizing they may need to develop plans to keep functioning even while many of their employees have to stay home to avoid contracting the illness from crowded places like offices and subway cars.