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They know, and don’t care. Because this quarter’s earnings went up by reducing expenses.
I agree that they don’t care, but how does return to work cost more?
It’s a soft layoff. They’re purposefully cutting workforce without taking on the liability of a layoff. What costs more is keeping those workers who leave because of RTO.
I’d rather get a new job than have to buy a whole-ass work wardrobe
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Finding a new job is hard though, especially in tech. Most companies will under pay college grads or import workers.
Where is this true?
practically everywhere. I have friends all over the industry and all of them, brilliant engineers, are finding the competition fierce. Everyone is looking around.
Name a place and job title
FAANG | *
To be fair, virtually every job I have been applying for lately says casual dress. Although that might just be a UK thing?
WFH casual is wayyy more casual than the most casual office casual.
The workers who are very skilled know that they have options and can tell their current employer to shove it knowing they can pick up a different WFH job fairly easily.
This is some water is wet stuff. Tech places know they can grab the best talent from across the country or some decent local talent if they want the office thing.
Even more then that, if they change the deal on people like this, people who have options will be the first to leave. And the people who don’t, either because of a visa or lack of skill/confidence, will be the last to leave
They’re literally selecting against their most capable talents
Return to office is literally a hail Mary play. Covid sent us all home, now the corporate real estate is tetering on collapse because no one needs office buildings. By any means necessary. DON’T GO BACK TO OFFICE! The office buildings will eventually be turned into rental apartments because the owners are desperate for money! Make them spend the inevitable government bailout on retro furnishing their buildings into apartments so the rent can finally drop, and people earning 70k a year with no debt can afford more than a 2bedroom apartment while being unable to save. Also blackrock will lose…a LOT of money, which just makes me really happy as a person.
