More than Half of VMware’s Employees Could Be Working from Home After Coronavirus

According to comments from VMware’s CEO, the company could have 60% of its staff working from home even after the coronavirus pandemic is over.

CEO Pat Gelsinger told CNBC a larger share of the enterprise software company’s employees will work remotely as a result of the coronavirus pandemic.

Roughly 20% of the firm’s staff worked from home prior to the crisis, Gelsinger said.

The Palo Alto, California-based company had about 31,000 workers in 169 offices globally as of Jan. 31st.
“I expect, as we continue in this environment, we’re sort of going to end up in the 50% to 60% [range] over time, and I don’t think we’re atypical,” Gelsinger said on “Squawk on the Street.”
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We’re doubling, tripling the amount of work from home,” he added.

“Sometimes it takes a decade to make a week of progress. Sometimes a week gives you a decade of progress,” Gelsinger said. “All of a sudden, education, health care, work from home, are making huge steps forward.”

According to the chief executive, many of its business units, such as Workspace ONE and Carbon Black, will be critical for businesses to operate in a world with a more distributed workforce.

Many employees at Jack Dorsey’s two companies, Twitter and Square, have already been told they can work from home permanently. Facebook CEO Mark Zuckerberg has also said that much as 50% of the social media giant’s employees could be working remotely in the next five to 10 years.

Shares of VMware were trading up more than 7% on Friday following its quarterly earnings report Thursday.

The company posted revenues of $2.73 billion, a 12% year-over-year increase, and $1.52 per share excluding some items.

Disclaimer: We have no position in VMware, Inc. (NYSE: VMW) and have not been compensated for this article.