Some CEOs are giving up their offices permanently in an effort to completely embrace remote work and abandon hybrid working setups. Will others follow?

In late June, Yelp CEO Jeremy Stoppelman made a historic announcement to the company’s 4,400 employees: by July 29, Yelp had completely abandoned hybrid work environments in favor of remote working. Yelp was keeping its San Francisco and Phoenix offices while transitioning to a “hoteling” business model where desks could be rented out for the day. Stoppelman asserted that hybrid employment will result in the loss of genuine offices in New York City, Chicago, and Washington, DC, calling it the “worst of all worlds” and even “hell.” Similar increases in remote labor are being observed by other businesses.

Making this shift may offer a lot of advantages, such as permanently permitting workers to work from home and resulting in cost savings. Experts warn that there are dangers in relying on remote employment in this way, particularly since no one can predict whether it will be successful or what will happen later.