Hacker News new | ask | show | jobs
by BaseballPhysics 1095 days ago
Seems like these companies are banking on a recession to impact the job market and reduce labour bargaining power, thereby freeing them to change the WFH situation without significant attrition.

It'll be interesting to see who ends up being right.

1 comments

I saw a video that indicated that the attrition from RTO is desirable for some CEOs. If revenues are falling, its better to have staff leave than it is to announce layoffs. RTO gives them a shield and they can paint the WFH crowd as lazy and not a culture fit.
"If revenues are falling" is a big if. I've seen no real evidence that'd happening, and rather the reverse seems to be occurring: record corporate profits.

Now, granted, tech is an outlier in that a lot of companies ballooned up during the pandemic and are now undoing that mistake, and so your explanation makes sense in that industry, but the push for RTO is happening outside tech as well.