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IBM to Managers: Move Near an Office or Leave Company
(Bloomberg) -- International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersTrump Cash Stockpile at Risk From $450 Million Dual VerdictsMusk Says First Human Patient Has Received Brain ImplantAmazon Drops iRobot Deal; Roomba Maker Cuts 31% of St
IBM has slimmed its operations to focus on software and services in recent years, introduced new products to capitalize on interest in artificial intelligence and divested its managed infrastructure, weather and health businesses. The company has closed a number of offices since the onset of the pandemic, potentially complicating return-to-office plans for workers, including facilities in Philadelphia, central New York State, Southbury, Connecticut, and Iowa. Many companies have increased return-to-office requirements over the last year, replacing employee-friendly incentives like happy hours and commuter subsidies with more punitive measures including disciplinary action or limited career advancement if attendance targets aren’t met.
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