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Stock impact report

Is the Four-Day Workweek Finally Within Our Grasp? [New York Times, The]

Shake Shack, Inc. Class A (SHAK) 
Last shake shack, inc. class a earnings: 2/24 04:05 pm Check Earnings Report
This article is part of our latest DealBook special report on the trends that will shape the coming decades. In May 2020, as the pandemic sent stress levels through the roof, an online children's clothes retailer called Primary started an experiment that it hoped would prevent its staff from burning out: It gave everyone Fridays off. By December, the new schedule was working so well that Primary decided to extend it indefinitely. Primary's staff of 60 hasn't taken pay cuts and aren't expected to extend their hours during the four days when they work. They occasionally do some work on Fridays, but are not expected to, and the day is meeting-free companywide. Thursdays have become known as “Friday junior” and “Thri-day.” One big advantage, said Primary's chief experience officer, Cap Watkins, is “people feel recharged on Monday.” The company's voluntary attrition rate has fallen slightly to 7 percent this year, even as workers in the United States are quitting jobs at record le Show less Read more
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