Fortune

Following hot on the heels of Amazon’s seismic RTO, telecoms giant AT&T has ended working from home for good and is now demanding its staff return to the office five days a week beginning in January. But will the company actually be able to house the sudden influx of staff? At Amazon, the tech conglomerate swiftly realized that it doesn’t have the space to follow through with its return-to-office order—and it isn’t the first firm to face a desk shortage. Read more: https://lnkd.in/eXR8ky2w

It turns out that long inescapable office leases—rather than work output—might be the most powerful force in the return to office (RTO) push so many companies have been making or threatening to make. One-third of companies surveyed in a recent report from Resume. org said that their company’s lease agreements are the anchoring force behind their return-to-office policies. More than half of the leaders who lease an office told the online resume-writing company that the lease itself underpins the mandates Read more: https://lnkd.in/eTfbCPxx

In a world where climbing the corporate ladder often follows a predictable script, Peter Jelkeby stands out as a true exception. His road to management took a radical detour from the well-trodden paths of graduate programs and senior executive mentorship. It all started when he stepped on the bustling shop floor of IKEA at the age of 19. “I was the guy handing out the trolley and picking things from shelving or storage for customers,” he recalls to Fortune. Read more: https://lnkd.in/eVJiztJ6

With seven Super Bowl rings to his name, NFL legend Tom Brady is universally regarded as one of the greatest football players of all time. Brady credits his drive to an intrinsic motivation. “You wake up and do something you love, and you don’t want to look at the person in the mirror and fail them,” he told Fortune. Here's his advice to unlock greatness, even if you’re not a natural star: https://lnkd.in/eeFHJHyK

For some, it’s the most wonderful time of the year. For some holiday revelers, that is. But for others, no matter what traditions they plan to observe this winter, the season is more of a stress fest. The majority of Americans (56%) say adequate alone time is a critical component of their mental health—yet nearly half (46%) don’t get it during the winter holidays. That’s according to a new survey fromThe Ohio State University Wexner Medical Center and College of Medicine. Read more: https://lnkd.in/eJjj6Mgp

Financial services companies are highly regulated but that doesn’t mean they’re not embracing AI. And that requires doubling down on security while still focusing on innovation, according to experts. Cybercrime has become highly sophisticated and very profitable for perpetrators, Rajat Taneja, president of technology at Visa, said during a panel session at Fortune’s #BrainstormAI conference. Visa, a Fortune 500 company, has spent more than $3 billion in the last decade to create an AI and data infrastructure geared for the future, Taneja said. It had to do so in a trustworthy and secure manner, with fraud prevention, payment security, and cybersecurity at the heart of it for protection against constant attacks. Read more:

As U.S. healthcare organizations face increasing cost pressures, some CFOs have been tapping into investment reserves, instead of going to the capital debt market. A survey of healthcare organizations conducted by consulting firm Mercer found that liquidity concerns led nearly 40% of healthcare organizations to draw from investment portfolio reserves to support operations, surpassing debt issuance (21%) in 2023. The use of investment reserves is expected to continue through 2025, according to Mercer. To find out more, Fortune spoke with Chris Cozzoni, author of the report and partner and U.S. healthcare investment co-leader at Mercer. Read more: https://lnkd.in/e4jsHsEK

CHROs are burned out. “This is the first time in years that collectively, the function is just worn out,” Paul Wolfe, leadership expert, author, and former CHRO at Indeed, Match.com, and Condé Nast, tells Fortune. Around 71% of HR professionals say their staff is more burnt out than before the pandemic, according to a 2023 survey of 217 HR leaders from consulting firm Gartner. Around 30% of HR leaders expected budget cuts in 2024, while the same number expected their budgets to stay the same, according to a Gartner’s HR Budget and Efficiency Benchmarking survey released in May. So why aren’t CHROs getting the resources they need? Read more: https://lnkd.in/eVsgsTaz

Many workers dread their annual performance reviews—but one company’s management team dislikes them just as much as their employees.   Yahoo ditched its twice-yearly employee evaluations in 2022 and hasn’t looked back since. Instead of forcing the formal sit-down meetings on workers, the company decided to opt for more casual assessments. Lisa Moore (she/her), the chief people officer for Yahoo, tells Fortune that the decision to cut out formal biannual reviews happened because of how much they were a letdown among workers. Read more: https://lnkd.in/euPvUk7j

While his company is on the cutting edge of the AI revolution, Nvidia CEO Jensen Huang still relies heavily on a more old-school technology to help him manage the chip giant: email. That’s right, even in the age of Slack and instant messaging across enterprises, not to mention ubiquitous forms of collaboration like Zoom meetings and Google docs, the humble email remains an invaluable tool for the rockstar CEO. Read more: https://lnkd.in/dBcdxj4S