Making a $89.5 million bet on remote work

Peter du ToitI'm the founder of FutureWork IQ where I spend my time assisting businesses to design digital workplaces or “offices in the cloud.” These environments enable companies to allow flexible and remote working for their teams. I also teach the digital literacy, fluency, communication and collaboration skills needed to work in these modern technology-rich workplaces.

$89.5 million — that is the one-time fee Pinterest paid to cancel a lease.

Why?

“As we analyze how our workplace will change in a post-COVID world, we are specifically rethinking where future employees could be based. A more distributed workforce will give us the opportunity to hire people from a wider range of backgrounds and experiences.”— Todd Morgenfeld, CFO Pinterest

Smart leadership teams are using lessons learnt from this crisis to leapfrog their workplaces into the new way of working. How far are you down this path?