Blackrock has enforced a policy requiring its managing directors to work from the office five days a week, a shift away from the flexible work arrangements many companies adopted post-pandemic. While the firm initially allowed one day of remote work per week, CEO Larry Fink argues that remote work undermines corporate culture and productivity, contributing to rising inflation. This policy mirrors a broader trend among Wall Street's major investment banks, which are also implementing stricter in-office attendance rules.
Blackrock is enforcing a full-time in-office work policy for its managing directors, part of a trend among financial giants abandoning flexible remote work arrangements.
Fink has criticized remote work for eroding corporate culture and impacting productivity, linking the rise in US inflation to the proliferation of WFH policies.
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