Square lets employees work from home permanently
Jack Dorsey attends the cocktail party organized by Chrome Hearts X Jordan Barrett at La Maison Du Caviar in Paris, France.
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The two Jack Dorsey companies will now allow employees to work from home permanently.
San Francisco-based Square said Monday it would let people work remotely, even after regional orders for shelters ended. The news came a week after Twitter, also led by Dorsey, announced that its employees would have the same option.
“We want employees to be able to work where they feel most creative and productive,” a Square spokesperson told CNBC. “Over the past few weeks, we have learned a lot about what it takes for people to fill roles effectively outside of an office, and we will continue to learn as we go.”
Square announced a new 356,000 square foot building in San Francisco’s East Bay earlier this year, where it announced plans to move a few hundred employees. The payment company has more than 3,000 employees, some of whom will still have to go to the office for work that cannot be done remotely. The edge first reported the new Square policy.
Square and Twitter are the only major tech companies in the Bay Area to implement a permanent homework policy. Google and Facebook are telling employees to work remotely until the end of this year amid Covid-related closings.
Dorsey has long advocated for remote working. At one point last year, the CEO announced that he would live in Africa until mid-2020 and continue to run the two companies on another continent. After the Covid pandemic, Dorsey said he was reconsidering this decision. His decision not to move also came after Elliott Management, which has a large stake in Twitter, pushed for the ouster of Dorsey earlier this year, citing the division of Dorsey’s time between Square and Twitter and her desire to moving to Africa as reasons for Twitter to bring in a new CEO. The two sides have finally settled in and Dorsey’s work seems secure for now.
A “distributed” workforce model would expand the company’s hiring pool, Dorsey said at J.P. Morgan’s global conference on technology, media and communications last week.
“We can find talent anywhere. There are a lot of people who don’t want to move to San Francisco. They feel comfortable working in a much smaller office or just at home,” said Dorsey at the conference.