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Robinhood to offer permanent remote working to most of its employees

By Ishika Dangayach on Jan 12, 2022 | 04:32 AM IST

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The company said for a large segment of the employees, there will be no location or regular in-office requirement

Robinhood stated that it is looking at new technology to improve communication among employees who work in offices and at home

The online brokerage Robinhood Markets Inc will allow majority of its employees to work remotely on a permanent basis, following Twitter’s approach outlined in 2020.

During these unpredictable and tough times, our teams have done amazing work and built a strong workplace community, and we’re excited to continue to offer them the flexibility they’ve asked for by staying primarily remote, the company said.

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The Menlo Park, California-based company said in a blog post that “for a large segment of our employees, there will be no location or regular in-office requirement, and teams will come together in-person occasionally for key experiences and moments that drive connection and innovation.”

The Covid-19 pandemic has caused businesses from Wall Street to reconsider the need for offices. While securities firms and banks have largely attempted to rehire personnel, certain technological organizations have been more accommodating, Bloomberg reported. 

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Those attempting to return staff to in-person settings, on the other hand, have met with recurrent defeats. Earlier this week, Facebook parent Meta Platforms has postponed the reopening of its US office and enforced COVID-19 booster doses for staff returning to work

Moreover, the company stated that it is looking at new technology to make the process of working with others across remote and in-office spaces easier and more inclusive. “We will be reimagining the way that our teams work together effectively across time zones in ways that support well-being and productivity from anywhere.” 

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Shares of Robinhood surged 0.91% in midday at $16.56. 

Picture credits: Pymnts 


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