Companies have given various reasons for pushing employees back to the office, but PayPal founder Peter Thiel has offered a blunt perspective on the move away from remote work. According to Thiel, Silicon Valley discovered that many remote workers were not as productive as they seemed.
Thiel is also known for his close friendship with Tesla CEO Elon Musk.
Thiel is also part of the famous Paypal Mafia. The term Paypal Mafia was coined in a 2007 Fortune cover story, which examined the outsize influence within the tech scene of a group of men who had launched a payments startup called PayPal almost a decade earlier. When PayPal was acquired by eBay for $1.5 billion in 2002, these newly capitalised techies dispersed like seeds to germinate new tech companies.
The names include Tesla, LinkedIn, Palantir Technologies, SpaceX, Slide, YouTube, Yelp, and Yammer.
Employees working remotely weren’t actually working
In a TV interview recently, Thiel contrasted the current situation with the pre-pandemic era, citing a statistic that around 94% of U.S. federal government workers were working from home. He then asserted that Silicon Valley’s experience with remote work over one or two years revealed its ineffectiveness. “When people didn’t come into the office, they weren’t working,” Thiel stated.
INDIA TIMES
