Employees at SVB blame the bank’s failure on remote work

  • SVB’s career site touted its flexible culture. “If our time working remotely has taught us anything, it’s that we can trust our employees to be productive from wherever they work,”.
  • The executive team at SVB was spread out around the country, with CEO Greg Becker at times working from Hawai
  • Yet, SVB included remote work as a risk to its business in its 2022 annual report — in part because of the IT issues posed when employees are dispersed around the country, but also for productivity reasons


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