It was about this time last year that some CEOs stood up, pounded their tables, and announced, "Everyone back to the office after Labor Day."
And it's clear what happened. In the interaction between many millions of workers in a hard-to-hire atmosphere; public opinion that held if people could work at home during the pandemic, they probably could at least part of the time now; and executives demanded compliance; hybrid work was largely the winner.
Even Wall Street, loudest in its demands for in-office, has had to deal with major resistance. A Deloitte and Workplace Intelligence survey this month of 700 full-time financial services executives with job titles of manager or equivalent and above but not CXO found that 66% would quit if required to work in the office all week. That's a lot of talent to replace if a company had to.
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