Bloomberg Opinion Profile picture
Jul 8, 2021 10 tweets 5 min read Read on X
Credit Suisse's new vision for its employees’ work-life balance is the latest example of what’s becoming an all-too-common theme: large employers virtue signaling that they’re now all hip and flexible when it comes to how and where their people work trib.al/cXVlbF3
It’s clear that very few companies have actually committed to new ways of working that can be easily implemented or measured.

Many have pledged to offer more flexibility without specifying who can actually take advantage of it and how frequently trib.al/xrJOC5G Image
The danger is that the new flexible working rules might not be practical for many employees, and companies will have to backtrack on what has been interpreted as a commitment to lots of remote work.

That’s a breeding ground for intra-office dissent trib.al/xrJOC5G Image
Anyone who has spent time in a satellite office knows that much of the real action takes place in HQ.

If you remain a talking head in a Zoom room while others are showing up in person, best of luck earning that next promotion or pay rise trib.al/xrJOC5G Image
There is a lot to commend about a centralized office space — human interaction is what drives commerce.

Creativity, decision-making and innovation all spring from the happenstance as much as the scheduled meeting trib.al/xrJOC5G Image
Morgan Stanley, Goldman Sachs and JPMorgan have chosen to keep it simple:

After July 4, employees are expected to return as before — on time and smartly dressed too trib.al/xrJOC5G Image
Standard Chartered was one of the first to move to a much more convoluted solution — allowing employees the choice of working from home or from the office, for whatever their preferred day(s) of the week.

There can be such a thing as too much choice trib.al/xrJOC5G
You have to spare a thought for the middle-manager class.

It is one thing for those on high to waft indulgences; it’s quite another for line managers responsible for making sure work gets done and teams hang together trib.al/xrJOC5G Image
But some new flexible approaches are smart and could even end up being more productive.

Citigroup's new CEO is offering Zoom-free Fridays and other reasonable flexible working options. This kind of tempered approach might actually stick trib.al/xrJOC5G Image
How quickly will employers adapt and change? And what will the costs of those changes be?

Few will be lucky enough to avoid a commute altogether, but in a curious way, that cold, dark, windswept train platform in February has its charms too trib.al/xrJOC5G

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Bloomberg Opinion

Bloomberg Opinion Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @opinion

Apr 2
Could Trump’s tariffs raise $700 billion a year?

We did the math 🧵 Image
$700 billion is about nine times current US customs revenue, and 2.4% of the most recent estimate of US GDP.

Tariff revenue hasn’t surpassed 2% of GDP since the early 1870s, and hasn’t surpassed it on a sustained basis since the 1820s and 1830s Image
Trump often cites President McKinley’s high tariffs as an inspiration, but during McKinley’s presidency (1897 to 1901) tariffs generated less than half the share of GDP that $700 billion would amount to now Image
Read 10 tweets
Mar 18
Today, Meta is starting to roll out its own version of @X’s @CommunityNotes for Instagram, Threads and Facebook.

Will it work? Analysis of 1.1 million examples of the crowdsourced fact-checking system show it’s not stopping the spread of misinformation.

Look at the data 🧵
One of Community Notes’ main achievements is its speed in addressing misinformation. The chart below shows that it is getting faster 📈

But even with these improvements, notes typically appear after a post’s most viral stage of diffusion (after the damage is already done) Image
It’s unclear how much misinformation is on X — if it could be counted, it could be deleted.

But from X’s data, you can see that most misleading posts go unaddressed: Image
Read 10 tweets
Mar 17, 2023
📉 VCs causing the downfall of SVB
💰 Credit Suisse’s pricey lifeline
🚐 RVs predicting the future

🧵 Catch up on the week in news with @ALampietti’s round up of our must-see videos
If venture capitalists had stayed calm, would #SVB be OK today?

🎥 @kylascan has all the answers
What’s next for Credit Suisse? 🇨🇭

@PaulJDavies explains bloomberg.com/opinion/articl…
Read 6 tweets
Mar 15, 2023
Credit Suisse is in crisis.

What went wrong? So, so much.

🧵 Let’s take a look
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.

So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I Image
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8 Image
Read 10 tweets
Mar 2, 2023
If health is wealth, America is dirt-poor.

The health-care crisis in the US isn’t just a tragedy for individuals. It makes it harder for the country to be productive and secure.

🧵 Let’s look at the data
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl…
There’s perhaps no greater metaphor for this crisis than the unhealthy discourse around Ozempic, writes @JKarl26.

A culture built on dieting is not a proper remedy for what ails us bloomberg.com/opinion/articl…
Read 8 tweets
Feb 28, 2023
📊 3 charts you need to see 📊

💰 Elon Musk is back on top
🇨🇳 Don’t panic over China’s “farm invasion”
⚡️ Putin’s invasion of Ukraine has dramatically redrawn the world’s energy map

Subscribe to Bloomberg Opinion Today for more trib.al/BNqIxPf
💰 Elon Musk is the world’s richest person again.

The billionaire has turned Tesla’s failing into winning bloomberg.com/opinion/articl…
🇨🇳 No need to panic over a “farm invasion”.

China doesn’t own nearly enough land to cause a food crisis bloomberg.com/opinion/articl…
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(