Coming to the Valley: A Four-Day Work Week?
Here’s the latest theory from Trip Chowdhry, the tech analyst at Global Equities Research: Silicon Valley is headed for a four-day work week in 2009.
His notion is that the recent layoff spree in the Valley will slow down; but that companies trying to hold on to their talent while awaiting a recovery will shift to a four-day work week instead. Save money, but keep your talent. At least that’s the theory.
Chowdhry contends that National Semiconductor (NSM) will adopt a four-day work week for all of 2009, and that Cisco Systems (CSCO) is considering the same idea. He says his contacts believe almost every Silicon Valley company could adopt the idea, including Oracle (ORCL).