JPMorgan Chase CEO Jamie Dimon said back in 2021 that working remotely "doesn’t work for those who want to hustle."
Davis Sacks, venture capitalist and former PayPal Holdings Inc. PYPL executive, doesn’t think remote work is getting the job done.
In addition to PayPal, Sacks was the founder of the enterprise social networking platform Yammer, which was acquired by Microsoft MSFT Corp. in 2012 for $1.2 billion, and was an angel investor in Facebook META , Uber UBER and Palantir PLTR .Sacks is not the only high-profile individual who has criticized remote work recently. Sacks’s friend Elon Musk has called it “morally wrong,” while adding, “the laptop class is living in la-la land.
Many employees have also wondered if remote workers may receive less recognition for their work, and potentially receive promotions or rewards at a lower rate.
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