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by ctvo 1244 days ago
> If Gorman doesn’t see and embrace that, may he find himself setting the “open to work” flag on his LinkedIn.

It'll become evident if remote unfriendly companies struggle to hire. A lot of folks are loudly proclaiming this as fact already with very little data. Let's wait to see what happens.

I'm reminded that there have always been fully remote companies before the pandemic. I've worked at some of them. They've never had an overly competitive edge in retention or hiring.

1 comments

Alphabet, Microsoft, Salesforce, Shopify, Goldman Sacks, Kracken, Coinbase, Crypto.com, Amazon, Cisco, Twitter and Meta... double digit headcount layoffs in the last quarter.

Tech companies wont struggle to hire for a good while.

They will, because those highly compensated employees are hitting the market and finding out that salary and comp isn't the same outside the bubble.

So they're sitting on million dollar mortgages in Seattle or SF on houses they bought at 2% interest during the good times and now the offer they're looking at won't make ends meet.

Now what? Who blinks first? Do the other tech companies need to slide salaries upward to fill their roles? Why would they? We were told there's a glut of engineers.