From restaurants to retailers, virus transformed economies
December 16, 2020
NEW YORK (AP) — It would be just a temporary precaution.
When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon — as soon as New York was safe again.
Within weeks, he'd changed his mind. Bregman broke his company's lease and told his two dozen or so staffers they could keep working from home — possibly for good.
The gains were at once unexpected and immediate. Bregman is saving money on rent. He no longer has to persuade recruits to relocate to a crushingly expensive city. He...