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 improve their climate literacy so as to understand the projected impacts from the expanding climate crisis and how to adapt their workplaces in the face of these impacts.

$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?