August 2, 2023
Remote Work Impacts Real Estate Planning and Career Paths
Recent data provide insights into how employees and employers are adjusting to new ways of working. More managers are reevaluating real estate and office use. A survey of business leaders showed 33% of those assessing the workplace are planning to reallocate existing space.
Remote work has rapidly become a top incentive for employees. New research reveals nearly half of companies mandating office returns had higher attrition rates than anticipated. While hybrid and remote work offer employees more flexibility, the lack of in-person interaction can inhibit colleague trust and growth of professional networks.
Threads Cools Down as Social Media Apps Compete for Attention
The social media landscape is shaking up, from Twitter’s radical rebrand to Meta’s move into microblogging. As platforms compete for attention, more are emulating each other. Two decades after emerging, social media has become saturated with companies focusing on engagement rather than innovation.
After a torrid launch, usage of Threads has cooled. Meta CEO Mark Zuckerberg recently lamented that less than half of users who signed up have regularly returned to the app. To boost retention, Meta is planning additional Threads integration into Instagram.
Nonprofit Efforts Emerge to Sustain Local Journalism
Economic uncertainty and seismic shifts in media have left local news outlets reeling. Across the country, nonprofit initiatives are emerging to sustain journalism and keep newsrooms running. The National Trust for Local News finalized the purchase of more than 20 newspapers in Maine—the Trust also owns 24 newspapers in Colorado.
Philanthropic interest in strengthening local news is gaining momentum. A philanthropy collective including the MacArthur Foundation and Knight Foundation are planning to raise up to $500 million for local support. In Philadelphia, a new initiative aims to elevate local news with a $2 million grant from The Lenfest Institute.
Sequence Summaries: Office Insights, Saturated Social, and Preserving Press
Tweet
Sequence Summaries is a weekly series summarizing the top news and takeaways in PR and strategic communications. Sign-up for direct delivery to your inbox.