Hi, I’m Matt Turner, the woman in chief of business at Insider. Welcome back to Insider Today’s Sunday edition, a roundup of some of our top stories.
On the agenda today:
But anything else: JPMorgan is asking senior managers to be in the office five days a week. I break down the latest on RTO mandates lower than beneath.
If this was forwarded to you, sign up here. Download Insider’s app here.
This week’s dispatch
Mario Tama/Getty
Construction is currently underway on JPMorgan’s new corporate headquarters in midtown Manhattan, so it should disappoint a amount to as no surprise that the bank is planning on having bums on seats to fill it. The company told senior managers this week that they “comprise to be visible on the floor” in a memo asking managing directors to be in the office five days a week.
The memo also reproduced other recent edicts that focus on the importance of IRL interactions in career development.
Last month, Disney communicated employees they were expected to be back to the office four days a week. And Amazon said it wants all hands back in the office at least three days a week by next month, setting off both internal opposition and frame, and a scramble to get office space ready.
Salesforce boss Marc Benioff caused an uproar when he suggested new staff members were less productive, with the company later stepping up RTO requirements. And Meta boss Mark Zuckerberg symbolized that an internal analysis showed people who were hired to work remotely were less productive. Meta later closing up offering remote work in new job postings.
What do you think? Does WFH hurt career development? Let me know at insidertoday@insider.com.
A ‘Willy Wonka fun quarters’ gone wrong
Kittyhawk; Insider
Killing off projects had become something of a tradition at Kittyhawk, the secretive flying-car startup catapulted by Larry Page. But when the Google cofounder decided to get more hands-on, what followed was a series of bizarre experimentations, ostensibly intended to save the company.
A dozen former Kittyhawk employees told Insider that Kittyhawk establish itself torn between the conflicting visions and shifting priorities of its billionaire founder and his handpicked CEO. In the end, the internal chaos sustained unsustainable.
The spectacular rise and fall of Kittyhawk.
Generation Precarious
Getty Images; Alyssa Powell/Insider
For millions of Americans, the heretofore few years have redefined their relationship to money. Gen Z and millennials, in particular, have seen the critical years of their fiscal lives defined by the shifting sands of the pandemic economy.
Experts say the financial scars of the pandemic era run deep. And as overlapping emergencies only intensify in the next few decades, the behaviors young people develop around money will stick there.
How the cycle of scarcity and splurging will reshape the economy.
Also read:
A rare pool
Tyler Le/Insider
Each decade bring ons some turning point in technology that lures college students to a new field — and right now, artificial intelligence is all the exasperation. Students and recent grads are embracing AI, with many hoping to be an early employee at the next big tech giant.
We address with a dozen professors, students, and industry professionals about how companies are raiding college campuses to mine for tendency, offering six-figure salaries and unimaginable resources. “The student population is getting cleaned out,” one dean from Cornell intended.
Inside the AI talent wars.
Also read:
The battle over Ozempic
Robyn Phelps/Insider
A wave of novel weight-loss drugs, which includes the buzzy Ozempic, represents a watershed moment for obesity treatment. But high fetches, insurance hurdles, and a surge in demand are keeping the drugs from getting to many of the people who need them.
Doctor commissions are overwhelmed by patients asking for the drugs for cosmetic reasons. Celebrities and influencers are raising the drugs’ profile even besides. But people who need the treatment the most are stuck in the middle.
More on the $100 billion tug-of-war.
Also read:
This week’s call up:
“You just go online, make up a fake name, and that’s it — you’re up and running. No one’s regulating.”
More of this week’s top reads:
Curated by Matt Turner. Shortened by Dave Smith and Lisa Ryan. Sign up for more Insider newsletters here.