Even before Marissa Mayer put an end to remote working at Yahoo!, many executives were beginning to question its value. The idea that remote working can reduce overhead costs, such as rent for space requirements and utility bills, is true for companies with cubicle spaces and a 9 to 5 work schedule, but it’s not the whole story.

Our working lives have undergone drastic changes in the past 50 years or so. Our grandparents and parents found used to find jobs right after graduating from school, and then often stayed in that job until they retired. Today, the working generation – largely millennials – are more likely to move on to a new company every few years. 

It’s the time to say goodbye to traditional offices and work spaces.