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Synopsis

One trend I expected to happen began this week, sooner than I thought – permanent teleworking. Companies are learning that teleworking isn’t necessarily terrible and may be cost effective. Twitter is leading the way, as their CEO, Jack Dorsey, told employees by email that most of them could permanently telework if they wanted to. Why didn’t he tweet that? Anyway, such a move has office building owners shaking with fear, but could benefit cities like ours, as well as benefit co-working space companies like Gather who can rent a single office or even less. Office workers could choose where to live based on any personal desire, making year-round beach living easier. Our area has a lot of available office space, though, which may also make us attractive for distributed work teams, like ADP’s Norfolk office. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.