Yahoo! (NASDAQ: YHOO ) has instituted a policy in which it is to eliminate the option of working from home for its employees, according to an internal memo from Executive Vice President of People and Development Jackie Reses obtained and published by AllThingsD. The policy is to take effect starting in June.
In the memo, Yahoo! stressed the value of on-site collaboration. "To become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side... Some of the best decisions and insights come from hallway and cafeteria discussions, meeting new people, and impromptu team meetings. Speed and quality are often sacrificed when we work from home," it reads.