Meta Platforms, Inc. (NASDAQ:META) shares traded higher Tuesday. A new mandate by the company went into effect which requires employees to return back to the office for three days a week.
What To Know: The mandate comes as several other tech companies have also required employees to return to physical offices for at least three days a week.
Employees were made aware of the change in June, which also marked two years since the company first extended its remote-work policy to all full-time employees.
However, it appears as though a more nuanced approach to remote work is possible, with Meta CEO Mark Zuckerberg saying that the company learned that “good work can get done anywhere, and I’m even more optimistic that remote work at scale is possible, particularly as remote video presence and virtual reality continue to improve.”
Furthermore, following an internal analysis which showed that engineers who work in person “get more done”, Zuckerberg signaled an update to Meta’s policy in a March blog post.
Related Link: What’s Going On With Amazon Stock Today?
META Price Action: Shares of META closed 1.27% higher at $300.15, according to Benzinga Pro.
Image by Thomas Ulrich from Pixabay
