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Worker retreats could include swimming with dolphins in Mexico. Photo: Eye Ubiquitous/Universal Images Group via Getty Images

Many tech startups are choosing to keep employees working from home and are pivoting to planning several elaborate company retreats per year to allow employees to meet and bond, the Wall Street Journal reported this week.

Why it matters: For many companies, corporate retreats are becoming a necessity as they try to figure out how to maintain company culture with remote employees.

The big picture: For tech startups, the new model for these retreats means that "PowerPoint presentations in hotel conference rooms are replaced by more enjoyable endeavors: mountain biking in Colorado, swimming with dolphins in Mexico and dancing the tango in Argentina," writes the Journal.

  • The business-software company, People.ai Inc. closed its headquarters in San Francisco as well as most of its other offices, and ditched plans for a new office in London. Instead, the company's real estate budget is being fueled into several company trips, reports the Journal.
  • The startup incubator All Turtles Corp. also closed its offices in Paris, Tokyo and San Francisco and is planning "twice-yearly excursions" for all its employees.

What they're saying: “The genie is out of the bottle for remote work and if we wanted to bring everyone back to headquarters I don’t think it’s doable,” Oleg Rogynskyy, CEO of People.ai, told the Journal, adding that doing so “is how you lose your best employees.”

Of note: These sorts of retreats could cater to young, single employees.

  • Rogynskyy is considering a child-care stipend to help "support spouses and kids when employees are away and in some cases pay for families to travel along," per the Journal.

Go deeper

Major companies ask Colorado residents not to apply for remote positions

Denver in 2011. Photo: Doug Pensinger/Getty Images

Major companies have said in recent job postings that Colorado residents are ineligible to apply for certain remote positions because a new state law requires businesses to disclose the expected salary or pay range for positions, according to the Wall Street Journal.

Why it matters: The law, which went into effect in January, is meant to help close the gender wage gap and to promote wage transparency for employees, but companies have said Coloradans need not apply to avoid disclosing the information.

What's next: Super-fast delivery

Illustration: Sarah Grillo/Axios

Food Rocket, a new San Francisco-based mobile app, promises to deliver grocery items within 10 to 15 minutes in certain areas. It’s the latest in a slew of similar apps cropping up in the U.S. and abroad.

Why it matters: Startups and VCs are far from done with on-demand services.

Updated 2 hours ago - Sports

Swimmer Chase Kalisz first American to win Tokyo Olympics gold medal

Chase Kalisz of Team United States celebrates after winning the Men's 400m Individual Medley Final on day two of the Tokyo 2020 Olympic Games at Tokyo Aquatics Centre in Tokyo, Japan. Photo: Al Bello/Getty Images

Swimmer Chase Kalisz has become the first Team United States Olympian to win gold at the Tokyo Games.

The big picture: The Rio 2016 silver medalist's winning time in the men's 400 meters Individual Medley Final was 4 minutes 9.42 seconds. His teammate Jay Litherland took silver, .86 seconds behind him. Moments later, Kieran Smith grabbed a third medal for the U.S. when he won bronze in the 400-meter freestyle.

Go deeper: Full Axios coverage

Editor's note: This article has been updated with new details throughout.