• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Saks CEO: Work-from-home is “culture killer,” office must be default

Saks CEO Marc Matrick with Brookfield Place, where the company has their offices. (Getty)
Saks CEO Marc Matrick with Brookfield Place, where the company has their offices. (Getty)

Many companies are grappling with what office culture will look like in a post-pandemic world.

For Saks, one thing is certain: The office will go back to being its primary workplace, with employees expected back at its Brookfield Place headquarters in September, the New York Times reported.

The company’s CEO, Marc Metrick, aims to make a statement about the impact the office market has on other facets of New York City, including retail and tourism.

“The work force is going to bring back the day trippers, and the day trippers and workforce bring back the tourists. It’s about having people feel good about coming to New York City,” Metrick told the publication.

Read more
  • NYC to city workers: Come back to the office
  • More than half of NYC workers won’t return to offices by September
  • Reopening sparks signs of a real estate rush

The company will require its 500 corporate employees to be fully vaccinated when they return.

That doesn’t mean the office that workers left at the beginning of the pandemic will be the same one they return to in the fall. Changes include a more open floor plan, fewer offices and rooms specifically designated for both Zoom and in-person meetings, the publication reported.

Metrick compared virtual systems like Zoom to the mainstream popularity of cigarettes, suggesting that the long term effects of virtual work could be harmful.

“Zoom and the virtual world is a culture killer for companies … There’s no way that having 900 people dispersed and only existing in an intentional Zoom world with no unintentional conversation is good for a culture,” Metrick told the Times.

[NYT] — Cordilia James

[contact-form-7 404 "Not Found"]

The post Saks CEO: Work-from-home is “culture killer,” office must be default appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 20 May 2021
  • The Real Deal
  • Uncategorized
  •  Like
WeWork reports $2B in losses in Q1 →← “Ripe for abuse”: Real estate escrow funds may not be so secure after all
  • Recent Posts

    • State Farm approved for 17% rate hike amid California “insurance crisis” May 13, 2025
    • Optimus scores $22M refinancing for South LA shopping center May 13, 2025
    • Landmark, Stockbridge drop $100M for student housing properties near USC May 13, 2025
    • Late philanthropist couple’s Bel-Air manse listed for $35M goes into contract May 13, 2025
    • Apollo’s $1.2B buyout takes Landsea Homes private May 13, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM