Airbnb will allow its employees to live and work almost anywhere around the world, fully embracing a remote work policy to attract staff and ensure flexibility.
The San Francisco short-term-stay company said late Thursday that under the new policy, employees can work from the office, home or during their travels to 170 countries.
Staff will still have to meet in person for regular team meetings and events, CEO Brian Chesky said in a message to employees. Salaries won't change if employees decide to move.
Employees can spend up to three months working in each country they visit every year but they will still need a permanent address for tax and payroll reasons, which involves a "mountain of complexities," but Chesky said the company is working on an open-source solution.
The new policy will put the company in a better position to hire and retain the best people by not “limiting the talent pool to a commuting radius around our offices," Chesky said. Remote work and flexibility “will become the predominant way that we all work 10 years from now," he said.
Millions of people switched to working remotely during the pandemic to limit potential exposure to COVID-19. Companies are beginning to ask those workers to come back to the office, at least on a hybrid basis, including other tech companies such as Facebook parent Meta and Microsoft.
Business research group The Conference Board said that its consumer confidence index increased two months in a row.
Grant Buckholt, financial adviser with Northwestern Mutual, joined Cheddar News to discuss what exactly a holiday bonus entails and provided tips on how to budget it.
New car sales in the U.S. are forecasted to grow next year.
Many of us will look to chart a path to tackling finances as the New Year arrives. Jamila Souffrant, author of "Your Journey to Financial Freedom," joined Cheddar News to discuss steps on what to take if you're looking to take control of your life for financial freedom.
If you're looking to upgrade your home entertainment system, Vizio may have you covered, especially this holiday season. Phil Schneider, head of device sales with Vizio, spoke with Cheddar News about what's currently in demand.
There are reports that Warner Brothers Discovery and Paramount have held talks to join forces. Cheddar News breaks it down to discuss what this could mean for the media landscape and for viewers.
Thursday kicks off the busiest holiday travel period of the year.
SiriusXM is facing a new lawsuit for allegedly trapping customers into subscription plans.
IKEA says it expects shipping delays and other product availability issues due to ongoing attacks by Houthi rebels in the Red Sea.
There are multiple reports that talks are underway for a potential merger of Warner Brothers Discovery and Paramount Global.
