year-round summer Fridays
Welcome To The WFH Friday Economy: It's A Time For Hair Masks, Spas, Day Drinking And No-Camera Meetings
The Lede
As hybrid work has cemented for a certain segment of white-collar workers, Friday has become the de facto day for staying home, ongoing research from the Survey of Working Arrangements and Attitudes shows. Offices get fewer bookings on Fridays, and leisure businesses are seeing a Friday bump.
Key Details
- Interviews with owners and managers of cafés, bars, gyms, and beauty salons suggest that businesses are seeing an uptick in earnings during Friday work hours nationwide.
- Kadence, a management-software company for hybrid workplaces, found that in April, an average of 24% of total desk bookings at offices happened Tuesday through Thursday, 17% on Monday, and just 10% on Friday.
- It's not great news for all businesses. Downtowns that rely on lunchtime traffic have been forced to limit hours and cut staff.