Unbiased AI-powered news
ThredUp CEO James Reinhart said the company made a four-day workweek permanent after seeing gains in employee satisfaction and retention during the pandemic. He spoke at Fortune's Workplace Innovation Summit in Atlanta on Tuesday.
deadline.comThredUp CEO James Reinhart said the company will keep its four-day workweek after employee satisfaction, retention, and creativity increased following the change. Reinhart introduced the policy during the pandemic. He said productivity rose and typical retention metrics went through the roof when employees gained control over their schedules.
When other companies began returning to five-day office schedules, Reinhart decided to make the four-day week permanent at ThredUp.
Malissa Clark, a professor of psychology at the University of Georgia, cited research from the four-day workweek global movement. She said well-being metrics rose, burnout and turnover fell, and revenue increased in most participating companies. Clark added that 96 percent of employees in those trials wanted to continue the four-day schedule.
Reinhart said the policy gives ThredUp an advantage in hiring. He stated that exceptional employees will prefer working four days a week at the company rather than five days elsewhere.
Reinhart said rested and happy employees are more creative. He noted that workers returning after a three-day weekend avoid spending the first hours of the week readjusting to tasks. Clark said the four-day model requires a genuine reduction to 32 hours rather than compressing 40 hours into four days.
She said the best ideas often come during non-work time and called for using AI-driven productivity gains to reduce work hours.
Single source — no framing comparison available.
Al JazeeraThe death toll from a fire at the Rong Beer Na Ladprao music bar in Bangkok reached 30 on Tuesday. More than 70 people were injured, with 24 still listed in critical condition.
nbcnews.comIran struck three commercial ships in the Strait of Hormuz last Saturday. The United States responded with strikes on Iranian targets, citing violations of the free-flow-of-commerce clause in the recent memorandum of understanding.
RapplerKent Carpenter, 73, was killed by one of three men who entered his Sibulan residence on July 12. The marine biologist had served as an expert witness for the Philippines in the South China Sea arbitration. Police have opened an investigation into the attack.