No Result
View All Result
  • Login
Saturday, August 8, 2026
theadvisertimes.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
theadvisertimes.com
No Result
View All Result
Home Business

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

by theadvisertimes.com
1 hour ago
in Business
Reading Time: 3 mins read
A A
0
CEO of the world’s largest workspace provider says commuting will be extinct by 2040
Share on FacebookShare on TwitterShare on LInkedIn



Return-to-office mandates are just a blip; Setting your alarm before sunrise and standing shoulder-to-shoulder on a packed train, just to sit at a desk for eight hours, is going to be a relic of the past. And it’s going to be extinct much sooner than you probably expect. 

According to Mark Dixon, CEO of IWG, the world’s largest workspace provider, commuting could be extinct within the next 15 years. Gen Alpha will be so used to pulling out their phones and clocking into work from anywhere convenient, that they’ll find the very idea of commuting into an office as ancient as riding a horse to work, or writing by candlelight before electricity existed.

“In the future, you’re going to explain to your kids that you used to commute,” Dixon explained to Fortune, while adding they’ll think it’s “mad stuff” that bosses once asked their workers to “travel 100 miles to sit down and use a computer.” 

“They’ll say, why did you do that? Because they won’t understand that people traveled long distances to use a piece of equipment somewhere else. It’s going to change a lot—the workplace of the future is everywhere. And it’ll be very productive,” he added.

“It’ll be just normal to go on your phone, and say where’s the nearest place to work and you go there and work.” 

The CEO added that most while-collar work is already online and “in the cloud,” so the very idea that your workspace is physical is outdated. And the kids agree. 

Research from IWG and global engineering consultancy Arup has revealed that long daily commutes could be extinct by 2040. 

Currently, the average New Yorker spends around 53 minutes on the train to get to the office, with Londoners experiencing a similar trek. But looking ahead, just a quarter of Gen Alpha say they’ll spend more than 30 minutes traveling to work. The majority think even that’s too long, and expect to have the flexibility to work closer to where they live—if not, at home. 

A staggering 80% of Gen Alpha, the oldest of whom are 16 years old, believe flexible working will be the norm by 2040.

As boomer and Gen X bosses retire, working from home will make a major comeback

Dixon’s not the first to suggest that the pandemic era of working from home is expected to make a roaring comeback in the next decade or two. 

A study from the National Bureau of Economic Research found that Gen Z and millennial bosses are far more likely to let staff work remotely than their older counterparts.

The data, which analysed 8,000 U.S. workers, showed a clear pattern: as CEOs get younger, the number of days they demand their staff work from an office decreases—with those working for a 20-something-year-old chief clocking in from home the most. 

And it’s only a matter of time before they take over and bring their affinity for flexibility with them. The researchers concluded that as older leaders retire, the days of commuting five days a week are likely to fade with them.

Bosses clinging to the office aren’t just outdated—they’re not serious about AI

Interestingly, the National Bureau of Economic Research also found that leaders who embrace remote work are also more likely to adopt new technologies and software-driven approaches to running their teams.

Dixon similarly pointed out that firms that prioritize physical presence over remote, AI-driven work will fall behind.

“Forget about where people are working. Most companies will go by the wayside if they don’t embrace AI,” he told Fortune. “If you look at winners and losers, the winners are the ones that embrace technology—the whole of the technology, which is flexible work, flexible location, and using technology to get more out of your people.”

Brian O’Kelley, the tech founder who sold AppNexus to AT&T for $1.6 billion in 2018 before founding Scope3, echoed that leaders who cling to the old ways of working aren’t serious about embracing AI.

After all, remote firms like his have the top pick of top global talent and can operate around the clock.

“The best companies are going to actually dump their offices to learn to work with non-bodied employees,” O’Kelley told Fortune. “Anybody who has a back-to-office culture is actually hurting themselves.”



Source link

Tags: CEOCommutingExtinctLargestproviderWorkspaceworlds
ShareTweetShare
Previous Post

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Related Posts

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

by theadvisertimes.com
August 8, 2026
0

India’s financial stocks are entering a more selective phase, where the strength of a lender’s deposit franchise, underwriting discipline and...

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

Trump tries again to fire Fed governor Lisa Cook, renewing battle over central bank independence

by theadvisertimes.com
August 7, 2026
0

The Trump administration is moving ahead with its efforts to fire Federal Reserve governor Lisa Cook, two months after the...

Ondo Perps hits  billion in volume weeks after launch

Ondo Perps hits $7 billion in volume weeks after launch

by theadvisertimes.com
August 7, 2026
0

Ondo Finance's derivatives platform has raced past $7 billion in cumulative trading volume, according to data from analytics site DefiLlama,...

How to open a checking account for a minor

How to open a checking account for a minor

by theadvisertimes.com
August 7, 2026
0

From counting the coins in their piggy bank to receiving their first paycheck, your child will eventually want a bank...

Meet the 82-year-old Kentucky grandma who turned down M to turn her farm into a data center

Meet the 82-year-old Kentucky grandma who turned down $26M to turn her farm into a data center

by theadvisertimes.com
August 7, 2026
0

Ida Huddleston has lived on the same stretch of farmland outside Maysville, Ky., since she was 16. She and her...

US stocks: S&P closes at record high as soft jobs report eases rate-hike concerns

US stocks: S&P closes at record high as soft jobs report eases rate-hike concerns

by theadvisertimes.com
August 7, 2026
0

U.S. stocks advanced on Friday, with the S&P closing at a record high to cap off a strong week of...

  • Trending
  • Comments
  • Latest
SEC pushes private market access, but retail is already in

SEC pushes private market access, but retail is already in

July 16, 2026
How I Maximize My Sapphire Reserve Dining Credit

How I Maximize My Sapphire Reserve Dining Credit

July 10, 2026
The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 6/22/26 – AlleyWatch

June 21, 2026
The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

The 10 Largest NYC Tech Startup Funding Rounds of June 2026 – AlleyWatch

July 6, 2026
The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

The Weekly Notable Startup Funding Report: 7/20/26 – AlleyWatch

July 20, 2026
The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

The Hidden Cost of Chaos: Challenges with Spreadsheet-Based Channel Management in 2026

May 6, 2026
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

0
Four AI Escapes Just Redefined “Responsible AI”

Four AI Escapes Just Redefined “Responsible AI”

0
Proof That Small Gains Add Up Over Time

Proof That Small Gains Add Up Over Time

0
Finance C’ttee doles out money to haredim, settlements

Finance C’ttee doles out money to haredim, settlements

0
Bybit Uses Tokenised Equities as Underlyings for Structured Yield

Bybit Uses Tokenised Equities as Underlyings for Structured Yield

0
Why an employee-owned RIA took a majority stake investment

Why an employee-owned RIA took a majority stake investment

0
CEO of the world’s largest workspace provider says commuting will be extinct by 2040

CEO of the world’s largest workspace provider says commuting will be extinct by 2040

August 8, 2026
Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities

August 8, 2026
Even China is finding economic growth harder to come by these days

Even China is finding economic growth harder to come by these days

August 7, 2026
All signs are pointing to the total and imminent collapse of the United States housing market.

All signs are pointing to the total and imminent collapse of the United States housing market.

August 7, 2026
Lummis Warns US Crypto Rules Remain Broken as CLARITY Fight Stalls

Lummis Warns US Crypto Rules Remain Broken as CLARITY Fight Stalls

August 7, 2026
Partner Portal Software: A Strategic Guide for 2026

Partner Portal Software: A Strategic Guide for 2026

August 7, 2026
theadvisertimes.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • CEO of the world’s largest workspace provider says commuting will be extinct by 2040
  • Banks or NBFCs? DSP’s Preethi R S explains where she sees the best opportunities
  • Even China is finding economic growth harder to come by these days
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • About Us
  • Contact Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.