Billionaire gives employees unlimited vacation - KTTC Rochester, Austin, Mason City News, Weather and Sports

Billionaire gives employees unlimited vacation

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(CNN) -- Billionaire Richard Branson has told his office staff to take as much vacation they want.

The unlimited vacation applies to about 160-employees at his Virgin Group offices in New York, London, Geneva and Sydney.

Branson said he assumes staff will only take time off if they're up to date with their work, and their absence won't cause problems. He said he was inspired to change the policy by Netflix, which also gives employees unlimited holidays.

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