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Shopify CEO Says We Have Seen the End of ‘Office Centricity’

May.21 — Shopify Inc. Chief Executive Officer Tobi Lutke says we must reimagine what work will look like for to the future, adding he expects only 20-25% of his company’s employees to work in its offices. He spoke May 15 with Bloomberg’s Emily Chang.

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May.21 — Shopify Inc. Chief Executive Officer Tobi Lutke says we must reimagine what work will look like for to the future, adding he expects only 20-25% of his company’s employees to work in its offices. He spoke May 15 with Bloomberg’s Emily Chang.

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8 Comments

8 Comments

  1. Helemmelek and Zahay

    May 21, 2020 at 4:49 pm

    It means GOOD JOB and I’m just sprinkling cinnamon

    WOOF ❤❤❤❤❤❤❤❤❤❤❤❤❤

  2. YourACherrynut

    May 21, 2020 at 5:00 pm

    Wfh doesn’t work for a lot of people (kids, distractions, etc.) so I don’t think it’s a sustainable model in the long-run. Once COVID-19 is completely over, we’ll be back in the office. Moreover, not all meetings are suitable for virtual meetings, the face to face, in-person element is necessary.

    • K C

      May 21, 2020 at 5:12 pm

      You have a point but a lot of companies are now noticing the benefits of having their employees WFH. No office rent, electricity, water and wifi costs to pay for. Employees that can’t work from home will probably be encouraged to find a co-working space

    • YourACherrynut

      May 21, 2020 at 5:40 pm

      @K C That may be true but not sure how that will impact employee morale – some, perhaps most, prefer to work in the office and are more productive in the office. Best case scenario is that COVID-19 has accelerated the opportunity for wfh which means more flexibility for the employee to choose between the office and work from home. But if it’s WFH or nothing, then I think that model will run into problems.

    • R B Enterprises

      May 21, 2020 at 7:46 pm

      That’s he is saying only 20-25% of people will go to office. Many myself included still prefer WFH. True there will always be meetings that can’t be done virtually and for that employees will come once in a while to offices but not every single day.

  3. Js X

    May 21, 2020 at 5:18 pm

    ceo beautiful

  4. MauOnline

    May 21, 2020 at 6:13 pm

    What he’s saying is kind of obvious. Some companies are even surprised of the ratio of productivity versus the cost savings in getting whole buildings up and running 24/7. What’s for sure is there is no way back, at least not without taking in account this type of unprecedented issues, building new businesse continuation policies. In the first days of the global lock down home offices goods did well on Amazon etc.

    • xxx l

      May 21, 2020 at 8:36 pm

      I have a severe depression recently at home. Home officing doesn’t work for every one.

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Bloomberg Technology

Rocket Explosion Deals Blow to Blue Origin’s Space Ambitions

Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the…

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Blue Origin’s New Glenn rocket exploded in a massive fireball while undergoing a test on a Florida launchpad Thursday evening, dealing a major setback to the Jeff Bezos-backed firm in its efforts to challenge a dominant SpaceX. Blue Origin and Amazon founder Jeff Bezos said it was too early to determine the cause of the explosion and described it as “a very rough day” in a post on X. Bloomberg Intelligence analyst Matt Bloxham joined Caroline Hepker to discuss the implications.
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SpaceX Lowers IPO Valuation Target | Bloomberg Tech 5/29/2026

Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street…

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Bloomberg’s Tim Stenovec breaks down why SpaceX is coming back down to Earth with a slightly lower valuation in its IPO. Plus, Anthropic closes a funding round at a whopping $965 billion valuation, surpassing OpenAI for the first time in the AI race; and Dell surges after the hardware giant’s outlook far surpassed Wall Street estimates.

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Anthropic Valuation of $965 Billion Passes OpenAI

Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes…

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Anthropic raised $65 billion in a funding round that valued the AI company at $965 billion including the new investment, eclipsing rival OpenAI’s value for the first time. Bloomberg’s AI reporter Shirin Ghaffary joins Tim Stenovec on “Bloomberg Tech.”
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