ARMONK, NY (Fox Business) - IBM is giving thousands of its remote workers in the U.S. a choice this week: Abandon your home workspaces and return to a regional office -- or leave the company.
The 105-year-old technology giant based in Armonk, NY is quietly dismantling its popular decades-old remote work program to bring employees back into offices, a move it says will improve collaboration and accelerate the pace of work.
IBM is telling employees they can no longer work from home. Do you work as effectively at home as you do in the office?— KTVU (@KTVU) May 19, 2017
The changes comes as IBM copes with 20 straight quarters of falling revenue and rising shareholder ire over Chief Executive Ginni Rometty's pay package.
The company won't say how many of its 380,000 employees are affected by the policy change, which so far has been rolled out to its Watson division, software development, digital marketing, and design -- divisions that employ tens of thousands of workers.
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