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.
Fool contributor Eric Volkman owns shares of Yahoo! The Motley Fool has no position in Yahoo! Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
What Investors Need to Know About Altaba, a.k.a. What's Left of Yahoo!
The new entity is worth less than the sum of its parts, but don't go buying up shares just yet.
Yahoo! Inc. Turns a Profit Just Before Joining Verizon
The buyout is now expected to close in June.
Yahoo! Inc. Slides Verizon Deal Back to Q2
The fourth-quarter earnings report looked solid enough, but the pending buyout proceedings are taking longer than expected.