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