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by zainhoda
1182 days ago
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I think the RTO is somewhat of a temporary condition. The big companies are telling workers to come back into the office and they’re complying because the job market has softened and people don’t want to lose their jobs. Companies haven’t realized the detriment that RTO is having on their recruitment because most of the big names are doing layoffs rather than hiring. It’s pretty evident that companies that are posting remote roles get orders of magnitude more applicants. Once the economy picks up, the RTO companies are going to have to reassess as their applicant pools will be smaller than WFH companies. |
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It's the sunk cost fallacy in action. They spent too much on physical space and the whole organization that comes with that and can't let it go and cut their losses, so they are doubling down with RTO. I can't see this ending well in the long-term for them.