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What SVB really said about remote work

Don't swallow the clickbait. SVB'S annual report to the SEC included the legally required section on Risk Factors: 20 pages on many, many things that could affect their financial situation. One short paragraph addressed hypothetical problems with remote work. From https://d18rn0p25nwr6d.cloudfront.net/CIK-0000719739/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdf: “Currently, our employees work remotely most of the time. Our long-term plan is to maintain a flexible working arrangement where employees will go to an office on a frequency based on an employee's role and function. Although our work-from-home plan has been effective thus far, we may experience negative effects of a prolonged work-from-home arrangement, such as increasing risks of systems access or connectivity issues, cybersecurity or information security breaches, difficulties integrating new employees, reduced team collaboration, or imbalances between work and home life, which may lead to reduced productivity and/or significant disruptions in our business operations.”


Don't swallow the clickbait. SVB'S annual report to the SEC included the legally required section on Risk Factors: 20 pages on many, many things that could affect their financial situation. One short paragraph addressed hypothetical problems with remote work. From https://d18rn0p25nwr6d.cloudfront.net/CIK-0000719739/f36fc4d7-9459-41d7-9e3d-2c468971b386.pdf:

“Currently, our employees work remotely most of the time. Our long-term plan is to maintain a flexible working arrangement where employees will go to an
office on a frequency based on an employee's role and function. Although our work-from-home plan has been effective thus far, we may experience negative
effects of a prolonged work-from-home arrangement, such as increasing risks of systems access or connectivity issues, cybersecurity or information security
breaches, difficulties integrating new employees, reduced team collaboration, or imbalances between work and home life, which may lead to reduced productivity
and/or significant disruptions in our business operations.”

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