Employees of Snap have been told that they are expected to report in the social media company's offices starting in February. Snap CEO Evan Spiegel told employees that he expects them to be in the office 80% of the time.
According to a memo viewed by Bloomberg, Spiegel told that he believes spending more time together in person will help the company achieve its full potential.
Reporting 80% in the office means full-time employees will have to be there for an average of four or more days per week. But the company will allow some flexibility for work-related tasks such as client meetings. This will be counted as in-office time.
Snap CEO Mandates Employees to Return to Office
When COVID began to spread in the US, Snap was one of the early adopters of the remote-first policy. However, in his memo, the company's CEO stated that he worries the extended period of work-from-home has affected the employees.
He wrote in the memo that employees might have "forgotten what we've lost-and what we could gain-by spending more time together."
The CEO's statement in the memo is similar to the remarks of other corporate leaders who are trying to get workers back into the office again.
In February, Goldman Sachs CEO David Solomon told Fortune that the "cultural foundation" of the bank required people to be back in the office.
Meanwhile, JPMorgan CEO Jamie Dimon said that remote work could potentially foster dishonesty and procrastination.
This year, many companies have tried to put an end to the work-from-home policy and impose mandates on in-person work.
For instance, companies such as Apple and BlackRock told their workers to come to the office three days a week. Other companies like General Motors are also planning to impose their own three-day-a-week policy in the coming year.
And most recently, new Twitter CEO Elon Musk ended the company's work-from-anywhere policy and required workers to come into the office. According to him, only "exceptional" workers would be allowed to work from home.
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Snap's 'Default Together' Policy Will be Applied to All of Its 30 Offices
The "default together" policy of Snap will be applied to employees in all 30 global offices, as per Bloomberg. In addition, the company is developing an exception process for those who will be requesting to work remotely as their default.
The new policy demanding the employees to come back to the office comes amid a slump for the social media company.
In light of slowed revenue growth of Snap, the company spent the past few months restructuring its business, according to CNET.
In August, Spiegel announced through a memo to employees that Snap would lay off approximately 20% of its staff, or about 1,300 workers. The CEO cited low quarterly revenue growth as the reason for its decision.
In addition, the company scrapped multiple projects, including the camera-enabled Pixy drone, Snap Originals, Zenly, and Snapchat's games.
In late October, the social media company reported its slowest quarterly sales growth ever. The company recorded 6% only.
It blamed the slow quarterly sales growth on the "macroeconomic headwinds" and "increased competition." According to Fortune, the company is also closing its office in San Francisco.
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