After decades of touting its anytime, anywhere remote workforce, IBM is starting to bring workers back into the office.
About 40 percent of IBM’s 380,000 employees work in non-traditional settings, although the company has offered no information as to how many will be affected by the May announcement.
The tech giant gave affected remote workers 30 days to move back into the office setting or leave the company.
Although the 105-year-old company has experienced 20 quarters of falling revenue, a company spokesperson told the Wall Street Journal that the move was not a cost-cutting measure.
IBM is not the only company abandoning the popular remote work models. Yahoo, in 2013, called telecommuters back to the office as have Bank of America and Aetna. Corporate leaders have argued that putting workers in the same space increases work speed and sparks innovation.
One University of Texas professor who studies telecommuting says companies thought they would reap large savings in office and real estate costs. Jennifer Glass, who also advises companies on remote-work strategies, says these savings have not largely materialized.
IBM spokespeople say the vast majority of remote workers have elected to join a regional office. When Yahoo made the same move, however, it set off a furor.
