Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money

The boss of the world’s biggest commercial landlord has accused remote workers of staying away from the office because it means they “don’t work as hard” and can save money.

Steve Schwarzman, the chief executive of investment firm the Blackstone group, made the claims about hybrid staff while speaking on a panel at the Future Investment Initiative summit in Riyadh, Saudi Arabia.

In remarks first reported by Bloomberg, he said employees had kept working from home because “they didn’t work as hard, regardless of what they tell you” and also due to the savings they make on their daily commute, lunches and work attire.

  • SeaJ
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    11 year ago

    Except that is not the truth as indicated in my experience of it not being mentioned in the several jobs I have had where I worked remote. I’m sorry that that bursts your bubble but that’s the truth. In fact I have been on conference calls where there has been a child present and nobody gave a shit since the person was also extremely productive. Again, if it is not affecting productivity, it is a non issue and it sounds like your managers need to learn that basic fact and figure out how to measure very basic KPIs.

    There are some cases where it is absolutely not going to affect performance at all for most people. If both parents work from home, they have much more flexibility in handing off interacting with their child. Some parents might have difficulty finding full time daycare or affording it. They still have core hours when they can focus but may also need some flexibility. Those two scenarios are not going to result in decreased productivity for most employees because they can shift some of their work to other hours.

    • @RaoulDook
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      -11 year ago

      Dude you’re not “bursting” anyone’s “bubble” with your opinion here. I simply informed you of some facts, and you can ignore them if you please at your own risk.

      • SeaJ
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        01 year ago

        You have a very loose definition of the word “facts” and show zero evidence backing what you say up.