Hybrid work in the Bay Area here to stay, survey indicates
(KRON) — Hybrid work could be here to stay in the Bay Area — at least for the time being. Those are the findings of a recent survey from the Bay Area Council. More than five years from the outset of the COVID-19 pandemic, a majority of Bay Area workers remain on some kind of hybrid schedule.
As of February, 27% of employers surveyed require workers to come into the office three days a week, 17% to come in two days a week, and 7% to come in just one day a week. A quarter of employers surveyed, 25%, require workers to come in five or more days a week.
Burke Williams SF store closes permanently amid safety concerns
Meanwhile, 11% of workers surveyed remained on a full work-from-home schedule, with zero days in the office.
The survey has been conducted annually since April 2021 and is sent out to a group of over 100 employers who signed up to participate. Employers from all nine Bay Area counties and across different sectors took part.
A majority of employers surveyed — 84% — said they had already fully implemented their long-term policy for in-person and remote work. Another 5% said they would be implementing it in the next five to six months, while 3% said they would implement theirs within at least a year.
The number of employers who require some or all employees to visit or work in the workplace rose slightly to 68% compared to 62% in May 2024. More than half of employers in the survey — 61% — said they had not changed their attendance policies in the past six months.
An even greater number — 78% — said they had no plans to change their attendance policy in the next six months. The major reason most employers felt their employees don't come in to the office more often was the amount of time it takes to commute, according to 73% of survey respondents, followed by preference for working at home at 71%.
Some 236 companies took part in the February survey, up from 138 companies in the prior most recent survey in May 2024.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Miami Herald
2 hours ago
- Miami Herald
Another brewery and taproom player closes, no bankruptcy filing
Opening a restaurant under any circumstances can be seen as a foolhardy move. The vast majority of restaurants fail within a few years and the amount that makes it for over five stands at just over 50%. Most people would not make an investment that's basically a coin toss. That's just a really dumb way to invest your money when putting it in a market tracking fund would bring you an average of 9% most years. Related: Legendary diner featured in Visa commercial closes after 40 years In reality, most people who open restaurants, breweries, brew, pubs, and tap rooms don't do so for financial reasons. They are making an emotional decision to do something that pretty much everyone would tell you not to do. When you open a brewery, you are somewhat limiting your clientele and entering a space that's very crowded. People may love your beer and may come back once a month or even more, but many cases, they will visit you once or twice and opt for cheaper national brands. It's a punishing business where a competitor might open up in the same market, not because they did any sort of research, but for the same emotional reasons. When you add in the impact of Covid, breweries, brew, pubs, and tap rooms faced, added financial stress. They had to take on additional loans just to stay afloat during the period or businesses had to shut down. More closings: Popular Mexican chain closing all restaurants, no bankruptcyIconic mall chain shuttering more stores foreverMajor gym closing multiple locations after franchisee bankruptcyAfter Chapter 11 bankruptcy, beloved retailer closes all stores Once they came back, they faced higher labor costs, higher material costs, and having to pay off whatever loans they took. That has been a recipe for disaster, which has led to numerous failures. Now, another regional brewery and taproom chain has closed It's doors for good with no warning. While Track 7 Brewing's website has gone dark, some of its distributors are still offering its beer. Craft Beer King, a retailer which sells online, shared the brewery's basic methods and style on its website. "Track 7's approach to beer is in the vein of the firmly-hopped West Coast tradition, but without fidelity to a singular 'style.' This unfocused approach allows Track 7 to experiment with all varieties of beer, regardless of American, Belgian, English, or German inspiration," it posted. The Craft Beer Kings website shows off a number of Track 7 beers including: Track Seven Nukin' Futz: This creamy and crazy ale takes our Burnt Fog Smoked Porter recipe, drops the smoked malt and adds peanut butter, chocolate and lactose sugar. The combination produced a creamy peanut butter cup of a beer fitting of a celebration and capable of easing the winter Seven Panic IPA: After several months of hearing requests (and even pleas) to add an IPA to our line-up, we released the Panic IPA in August 2012. Panic IPA is heavily hopped with modern American hop royalty, featuring Amarillo and Simcoe. The result is an IPA that includes both subtle citrus flavors and a not-so-subtle stone fruit and slightly dank Seven Hoppy Palm: After a hop selection a few years ago, Brewmaster Ryan and Cellermaster Geoff walked away with green, sticky, hoppy palms. The product of that hop selection, Hoppy Palm Pale Ale, has been aggressively dry-hopped with Cascade, Chinook, and Galaxy hops, producing an American Pale Ale with a light body and minimal sweetness The website lists a number of other beers as well. In addition to being sold regionally in brick-and-mortar stores and nationally on websites, Track 7 Brewing operated two taprooms. The company operated its taprooms in Sacramento - one in Natomas and one in Curtis Park. The company has not filed for bankruptcy and the only explanation for its abrupt shutdown was a not posted on its Instagram page. Next to a headline that reads: "Attention our brewery and taprooms have permanently closed. Thank you for your years of patronage. It has been a fun 13 years," the company offered the following note. "After 13 years we have made the decision to close our brewery and taprooms in Curtis Park and Natomas effective today, Saturday, May 31, 2025. We sincerely thank you for your years of patronage!" Related: Another big Mexican chain closing down restaurant, no bankruptcy The company's website has been shutdown and it did not seem to have much of a social media presence. Its last Instagram post was in 2020 and Track 7 Brewing does not appear to have any other social media pages. Its website is now marked "private" and searched on the Internet Wayback Machine do not bring up any archived versions of the site. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
2 hours ago
- Yahoo
Owens & Minor partners with WVU Health System to open medical distribution center
MORGANTOWN, (WBOY) — A grand opening was held on Monday to introduce the community to Owens & Minor's new state-of the-art medical distribution center, in partnership with WVU Health System and the state of West Virginia. According to President and CEO Ed Pesicka, the facility is going to support the WVU Health System in Morgantown, along with the entire state and the surrounding region. Pesicka told 12 News that by the end of the year, the center plans to hire about 100 new teammates. 'So it's bringing back additional jobs to the area,' he added. 'And [we're] really excited to have this long-term partnership that we've put together with WVU Health.' WVU Health System President and Chief Executive Officer Albert Wright said they began working with Owens & Minor a few years ago, when in search of a new partner for medical supplies and distribution. According to Wright, it was very important for WVU Health System to have a distribution center that's headquartered in West Virginia to serve them and surrounding partners while also bringing jobs and economic development to the region. 'It is just a beautiful facility,' said Wright. 'Employing a lot of folks and kind of building towards our mission of improving the health trajectory of the state of West Virginia and the surrounding areas that we serve.' According to Wright, Owens & Minor is a Fortune 500 company that operates on a national scale. 'For them to you know, see a partner in us — that they were willing to build a facility here in West Virginia to make sure we always have the medical supplies we need and that they're able to easily travel the rugged terrain we have in West Virginia to make sure our network of hospitals and care points around the state are being taken care of, I think that's a pretty big commitment on their part,' he added. WVU student discovers psychedelic fungus that could be used to treat addiction, depression Pesicka stated that the partnership between Owens & Minor, WVU Health System and the state of West Virginia has been in place for the past several years. He added that a distribution center of this size (350,000 sq. feet) with this amount of technology takes a little bit of time, but that they were excited to finally be opening things up on Monday. 'It's around making sure we have products close to the point of care,' said Pesicka. 'Whether it's a clinician or a surgeon, that they can have the product quickly of what they need and always have what they need, and it's gonna help healthcare in the region.' According to Pesicka, Owens & Minor's purpose is 'Life Takes Care' and the company takes that to heart. 'We wanna make sure that we have the products, the ability to service our customer, which is really the clinician and the patient,' he added. 'And that's really what our focus is on this.' According to Wright, the availability of medical supplies was something that many people took for granted prior to the COVID-19 pandemic, which was significantly challenged during that time. 'One of our guiding principles coming out of COVID was to make sure we had a supplier and partner with reserves that were focused on West Virginia, and I think this facility and this partnership solves that,' he added. Wright told 12 News that the vast majority of WVU Health System's medical supplies will come from Owens & Minor through this new distribution center. Some of the items that will be produced include custom surgical packs, gowns, and personal protective equipment (PPE). Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Miami Herald
2 hours ago
- Miami Herald
Jamie Dimon flags critical risk to US economy
There is growing debate over whether the U.S. economy is on its way to a reckoning. Some worry that sticky inflation due to newly instituted tariffs will cause households and companies to retrench, sending the economy into stagflation, or worse, recession. Others worry that America's seemingly insatiable appetite for spending has us on an unsustainable path. Eventually, investors will stop buying our debt, causing interest rates and our deficit to swell even more. Related: JPMorgan updates Fed interest rate cut outlook Among those sending warning messages are some of the most influential capitalists of our time, including Ray Dalio, Stanley Druckenmiller, and Paul Tudor Jones. Each is a legendary hedge fund manager with over forty years of experience navigating markets and the economy, and all three have said they're concerned with the growing U.S. debt pile. They're far from the only ones raising a red flag over the risks. JP Morgan's influential CEO Jamie Dimon has joined the chorus, raising the specter of another potentially underappreciated risk to our economy. Bloomberg/Getty Images In 2020, the Fed and Congress unleashed a torrent of monetary and fiscal support to keep America from falling into a COVID-driven depression. Zero-interest rate policy, or ZIRP, and multiple stimulus payments worked, accelerating GDP sharply out of its steep downturn. However, the spending tsunami also unleashed inflation, which rocketed up to 8% in 2022. Related: Housing market chief Pulte sends blunt message on Fed interest rate cuts Soaring inflation surprised the Fed, given that Fed Chair Powell infamously called it transitory. Eventually, he was forced to embrace the most hawkish pace of Fed interest rate hikes since the 1980s to get inflation under control. Powell's war on inflation successfully wrestled inflation back below 3%. However, progress has slowed and higher rates have taken a bite out of the jobs market, given that unemployment has edged up to 4.2% from 3.4% in 2023. The Fed switched gears again to shore up the jobs market, cutting interest rates last September, November, and December. However, those cuts have yet to boost employment, and the Fed has shifted to the sidelines on additional cuts this year amid growing concern that new tariffs may reignite inflation in the second half of 2025. This dynamic has lodged the Fed firmly between a rock and a hard place. It cannot raise rates without risking recession if inflation rises, or cut rates without risking inflation if unemployment continues climbing. The situation has drawn fierce criticism from President Donald Trump, who referred to Powell as Mr. Too Late last month, arguing rates should be cut now, not later. Others in the administration, including Treasury Secretary Scott Bessent and FHFA housing chief Bill Pulte, have similarly argued for rate relief. The economic uncertainty has caused Treasury Bond yields to increase this year, despite the Fed's cuts late last year. For example, the 10-year Treasury Note yield has risen to nearly 4.5% from below 3.7% last September. The rising yields are good news for those pocketing higher yields from money market accounts or Treasury bond portfolios. But they're downright bad news for just about everyone else, especially those with credit card debt or would-be homebuyers shopping for a mortgage. Related: Jamie Dimon sends terse message on stocks, economy The uncertainty associated with the economy has also started to impact household and business spending decisions. Consumers are shifting spending to essentials and pausing discretionary purchases. Meanwhile, businesses are rethinking expansion plans while they await trade negotiation outcomes. The dynamic may worsen if bond markets get unhinged. In good times, companies (and the rest of us) pay a smaller percentage spread to Treasury yields to borrow, keeping our costs low. In bad times, the spread widens, increasing costs, sometimes to a point where it forces tough decisions, like forgoing a purchase or business investment. A widening of credit spreads appears to be firmly on Jamie Dimon's mind. His role at the largest U.S. and fifth-largest global banks by assets gives him unprecedented insight into what's keeping business leaders awake at night. "If people decide that the U.S. dollar isn't the place to be, you could see credit spreads gap out; that would be quite a problem," said Dimon in an interview with Fox Business. A "gap out" would mean a widening in the interest borrowers pay above Treasuries. The implications of wider spreads would be far-reaching, especially if spreads widen as Treasury yields rise because buyers are wary. "It hurts the people raising money. That includes small businesses, that includes loans to small businesses, includes high yield debt, includes leveraged lending, includes real estate loans. That's why you should worry about volatility in the bond market," said Dimon. Dimon didn't set a clock to when such a widening may happen, but his range of possibilities includes later this year. "It's a big deal, you know it is a real problem," said Dimon. "I don't know if it's six months or six years." The federal government's budget deficit is running at roughly $2 trillion annually. Dimon has a simple solution to reduce the risk that a loss of confidence will have ripple effects throughout the government and corporate bond market: Grow the economy. "The real focus should be growth, pro-business, proper deregulation, permitting reform, getting rid of blue tape, getting skills in schools, get that growth going – that's the best way," said Dimon. Related: Veteran fund manager who predicted April rally updates S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
