Working from home isn’t going away, even if some CEOs wish it would Most workers crave flexibility and work-life balanceWhen I started working from home in the late 1980s as a freelance technical writer, I was clearly an outlier.
Today, 14% of U.S. workers work at home full time (including me), and that number is expected to increase to 20% by next year, according to data published by USA Today.
Wayfair, the Boston-based online furniture company, concentrated on remote workers over in-office folks in a layoff earlier this year, according to a WSJ report.
Meanwhile Michael Bloomberg suggested remote workers weren’t actually working, but playing golf (which honestly sounds like projecting to me).
That’s a lot of executive energy being directed against working from home and toward working in the office.
Heya, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the noteworthy happenings in tech over the past several days (and change).
Famed startup accelerator Y Combinator had its Demo Days, and the venture desk took it all in with an appropriately skeptical eye.
Also this week, Microsoft and Quantinuum, a quantum computing startup, made a scientific breakthrough — or so they claim.
NewsCanoo paid for its CEO’s jet: Kirsten reports that EV startup Canoo paid the rent for the CEO’s private jet — $1.7 million— in 2023.
Bonus roundNSFW on X: The social media company has confirmed that authorized users on the platform can create NSFW communities, ahead of a change that’ll see all NSFW content on X filtered by default.
And it did reduce its loss from operations by nearly half, from $506 million in 2022 to $267 million in 2023.
Under a deal reached in November 2020, Canoo reimburses Aquila Family Ventures, an entity owned by the CEO, for use of an aircraft.
In 2023, Canoo spent $1.7 million on this reimbursement — that’s double the amount of revenue it generated.
Canoo paid Aquila Family Ventures $1.3 million in 2022 and $1.8 million in 2021 for use of the aircraft.
This could be chalked up to small monetary potatoes if Canoo reaches its revenue forecast for 2024 of $50 million to $100 million.
More than 100 companies are getting ready to list on Nasdaq after filing confidentially with the SEC, Nasdaq’s CEO Adena Friedman told investing publication Barron’s.
If that does come to happen, the IPO drought that the tech industry has suffered for months will draw to a close sooner than later.
The Exchange explores startups, markets and money.
Still we at least know about one company filing confidentially for an IPO: Circle.
We still have a few questions about the company’s finances, but this filing makes us more optimistic about its chances this time around.
I was out of town on business when our quarterly report came out. I couldn’t believe the numbers – our company had just had its best quarter ever. But even…
