I think it varies by role and department, but my personal experience is that it is very flexible. I'm able to work remotely when needed. I can move my schedule around to accommodate personal needs. My workload is mine to manage and my productivity is judged on results that I am held accountable to regardless of schedule. Autonomy to manage my workload and being held accountable for it works for me, but may not work in other areas of the organization.
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