New Work

The We Company, once known as WeWork, will revert its name back to WeWork.

"We want to be strategic. We want to be innovative. We want to be impactful. We want to be WeWork," so the new CEO of the once and future WeWork, Sandeep Mathrani in the internal memo seen by Reuters.

The "We" brand was first introduced in January 2019 as the parent company of shared office provider WeWork to broaden its brand from shared office spaces to a lifestyle company.

Facebook has announced that it is extending its work from home policy until July of 2021 for all of its 48,000 employees. Facebook is the latest tech giant to offer prolonged remote work amid the pandemic, following Google and Twitter.

"Based on guidance from health and government experts, as well as decisions drawn from our internal discussions about these matters, we are allowing employees to continue voluntarily working from home until July 2021. In addition, we are giving employees an additional $1,000 for home office needs," so Facebook spokesperson Nneka Norville.

A study by the University of Chicago evaluating the "economic impact of 'social distancing' measures" found that "37% of jobs in the United States can be performed entirely at home". It further found that remote jobs pay more while "lower-income economies have a lower share".

In an email to the employees of Twitter the CEO Jack Dorsey has announced that he doesn't think the company will go back to the presence work culture it had before and move up the timeline to a fully "distributed" way of work. Only jobs that require physical presence will be exempt from this.