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Stock impact report

Office redesigns should focus on enabling hybrid work arrangements, AI: study [Yahoo! Finance]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
hybrid arrangements as well as facilitating new artificial intelligence (AI) technologies, according to a new study by Cisco. The Cisco Hybrid Work study – which surveyed 14,050 full-time employees and 3,800 employers from around the world in December 2023 and January 2024 – found that 72% of employees have positive feelings about returning to the office. However, only 47% of employees believe their work environments are equipped for the hybrid work era , pointing to a need for office spaces to be redesigned to better support the ways that employees want to work together. "Right now, I feel like the role of the office has to fundamentally change compared to the way that it used to be," Jeetu Patel, Cisco EVP and general manager of security and collaboration, told FOX Business in an interview. "A third of the people that we surveyed had more than 75% of the office space that was still for personal working spaces. And I actually feel like that defeats the purpose because people wa Show less Read more
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