Former PayPal Executive Says WFH Is No Way To Build A Company


Former PayPal Holdings Inc. executive, David Sacks, showed he is not a fan of work-from-home policies in a recent tweet.

“It’s time to admit that remote work doesn’t work,” he said. “WFH Friday is a four-day work week. Full WFH is a two-day work week.”

Sacks points out that when people are not in the office, every interaction has to be planned in advance. And that means “a lot of information-sharing doesn’t happen.”

“Remote is a great lifestyle, not a way to build a great company,” he concluded.

Sacks was the founding chief operating officer of PayPal. Later he built the enterprise social networking platform Yammer, which was acquired by Microsoft Corp. in 2012 for $1.2 billion.

And David Sacks is not alone. Other former PayPal employees and founders who went on to develop other tech companies don´t like the concept of remote work.

Tesla Inc. CEO, Elon Musk, is likely the most famous member of this group. “I’m a big believer that people are more productive when they are in person,” he said in a recent interview with CNBC.

And yet, the remote work trend is not slowing down. Workers enjoy the flexibility in managing their schedules and reduced commuting stress while companies get access to a broader talent pool as they can hire people from anywhere in the world.


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