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by ra120271
544 days ago
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Discussing this with some friends last night there was some consensus that sometimes this may be to force a significant cut in the workforce that is cheaper to do by firing due for cause, as compared to making roles redundant and dealing with redundancy packages. Probably not true in all cases, but maybe in some. |
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Companies are now in a cycle where they want to lay off ~5% of their employees every year. Why? To suppress wages. And to get people to do more work for the same money. People in fear of losing their jobs aren't going to demand raises or say no to extra work.
RTO mandates are cheaper and easier than severance.
This has been the case in Corporate America for decades at this point. The rude shock for many on HN is that the veneer of Big Tech being rogue disruptors is gone. Working for Big Tech is getting increasingly indistinguishable from working for Boeing, Lockheed Martin or Northrop Grumman.
And it's only going to get worse.