Starting from the end of February, employees have been asked by the parent of social media app Snapchat to be in office four days a week
Snap Inc will require their employees to work from its offices 80% of the time, starting from the end of February.
"After working remotely for so long, we're excited to get everyone back together next year with our new 80/20 hybrid model," a spokesperson for the social media platform said in an emailed statement.
Bloomberg News first reported the development and said the owner of photo messaging app Snapchat had asked employees to be in office four days a week from February.
Santa Monica, California-based Snap said in August it would lay off 20% of all staff and shut down projects to cut costs amid a deteriorating economy.
The tech industry was among the first to allow employees to work from home when COVID-19 hit the United States in 2020. But the extent to which tech companies are embracing permanent remote work is now diverging.
Last month, ride-hailing service Uber (UBER.N) asked its employees to work from office twice a week. Earlier this month, Elon Musk told Twitter employees that remote work would no longer be allowed and that they would be expected to be in office for at least 40 hours per week.
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.