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If a company enforces RTO or other policies making many employees unhappy, it's the people with options to work somewhere better who are leaving. Having such options is likely correlated with good performance. So Grindr probably took a significant hit in the average performance per employee as well. And attracting new talent with a shitty work from home policy won't be easy either. Of course there might be more to this story than what one can extract from the CNN article, there might be e.g. some cost pressure from going public some months ago... |
This happened at the last place I worked. It was so incredible to watch it happen. First the COO took off, and her favorite VP (who hired me) took off as well. Pretty much immediately my line manager, the 3 top-performing engineers in our division, and 4 of the 6 top-performing project managers on my team left as well. I left shortly after. I think the really crazy thing was watching how the remaining management literally lacked the competence to understand what was going on, or to even differentiate between people on our team and in our division in terms of who was good at their job and conscientious about client interactions vs. who was apathetic and under-skilled.