Microsoft CEO Satya Nadella says permanent work from home is damaging
"What does burnout look like? What does mental health look like? What does that connectivity and the community building look like? One of the things I feel is, hey, maybe we are burning some of the social capital we built up in this phase where we are all working remote. What`s the measure for that?" Nadella was quoted as saying.
As certain tech companies like Twitter prefer their employees to work from home forever, Microsoft CEO Satya Nadella has warned that making remote work permanent could have serious consequences for social interaction and mental health for workers as virtual video calls cannot replace in-person meetings.
In an interaction with The New York Times, Nadella said that an all-remote setup would be "replacing one dogma with another dogma".
"What does burnout look like? What does mental health look like? What does that connectivity and the community building look like? One of the things I feel is, hey, maybe we are burning some of the social capital we built up in this phase where we are all working remote. What`s the measure for that?" Nadella was quoted as saying.
His comment came after Twitter granted an option to his staff to work from home `forever` even after the COVID-19 pandemic ends.
Twitter upped the ante after Facebook, Alphabet (Google) and others have asked their employees to work from home till year-end.
Microsoft has extended its work-from-home policy until at least October.
The tech giant`s stock price is up 14 per cent this year and the company has nearly $140 billion in cash.
Microsoft spent $10 billion in its most recent quarter on share buybacks and dividends, up more than 30 per cent from the year before.
"We`re going to boldly allocate and acquire, build, innovate, partner, whatever," said Nadella.
"We are also going to make sure that we have the ability to do credit for small businesses and other organizations that need that help".
Microsoft last week signed a definitive agreement to acquire UK-based Metaswitch Networks, a leading provider of virtualised network software and voice, data and communications solutions for operators, for an undisclosed sum.
The company also launched of new solutions designed to help Indian small and medium businesses (SMBs) maintain business continuity and embark on their Cloud adoption journeys amid the COVID-19 crisis.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
10:59 AM IST