Economics/Class Relations

33 companies tried 4-day weeks

January 17, 2023
Hello, Insiders. It’s my first year in a while not attending the World Economic Forum — where the elite are discussing the economy’s “gloomy” outlook — so I’m glued to the Davos dispatches from our business editor in chief, Matt Turner.

“I’ve always found it to be an incredible opportunity to try and get inside the minds of business leaders and policymakers from around the world,” Matt wrote on LinkedIn. “What they’re worried about, and the questions they are (and are not) asking themselves, often helps inform coverage for the year to come. And for those who do choose to arrive by private jet, they’re missing a trick. The train ride from Zurich to Davos Platz is beyond beautiful.”Matt’s had a busy day meeting with CEOs — watch his takeaways in a new video post. And to keep up with his dispatches, just hit that follow button on his page. But first, the news.

— Nicholas Carlson

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The big story
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The results are in: It’s time for your company to stop working on Fridays (or Mondays).

The latest, perhaps most convincing evidence yet for the shift to a four-day workweek comes from a six-month trial organized by 4 Day Week Global. Thirty-three companies with employees in six countries decreased their employees’ workload to four days, or 32 hours, a week.

The results were unequivocal: The four-day workweek was better for everyone. Companies reported increased revenue and improved employee health and well-being, among other things.

One founder told us, “It probably sounds crazy, but it works.”So if you’ve ever tried to persuade your boss to shift to a four-day workweek, well, this is the best evidence yet to support your argument.

READ THE FULL STORY HERE
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This edition was curated by Nicholas Carlson, and edited by Hallam Bullock, Lisa Ryan, and Nathan Rennolds. Get in touch: insidertoday@insider.com.

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