Paypal founder: Companies called staff back to office because they weren’t working

Peter Thiel, PayPal founder, asserts that remote work in Silicon Valley led to reduced productivity, with companies eventually firing non-performant employees and pushing for a return to office. Thiel’s comments align with the mass tech layoffs and suggest a decline in remote work as major firms emphasize in-person collaboration and performance management.

Paypal founder: Companies called staff back to office because they weren’t working
Peter Thiel, PayPal founder, asserts that remote work in Silicon Valley led to reduced productivity, with companies eventually firing non-performant employees and pushing for a return to office. Thiel’s comments align with the mass tech layoffs and suggest a decline in remote work as major firms emphasize in-person collaboration and performance management.