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Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don't show up 3 days a week
(www.businessinsider.com)
this post was submitted on 18 Aug 2023
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Absolutely, this return to office stuff has been an absolute gift for CEOs wanting to downsize, it's the perfect fluffy PR way to turn the thumbscrews. Factor in the popular idea that you're a slacker if you don't work hard all the time and you basically have public support too.
I'm sure plenty of people will just suck it up and view the past few years as a very extended break from office nonsense and commuting hassle, but enough will jump ship to fill quotas
Office space costs a lot of money. Desktop computers cost a lot of money. The inability of their co-workers to immediately wake up and solve some emergency costs a lot of money.
Every day they are not continuing remote work practices is another day they are bleeding money.
The company I work for is still fully committed to remote first. They have closed multiple office locations including the entire headquarters campus. They can’t stop gushing about how much money they’re saving.
Thing is though that often, real estate deals are made over long periods of time. I think a lot of RTO stuff is happening because companies can’t just get out of their leases. They spent years and millions of dollars actually building offices and by god they want to see them get used.
Yeah, there's definitely a big sunk cost thing going on too