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I will die on this hill: tech firms that mandated 5 days in the office was about soft layoffs, rather than a principled stance on individual performance under WFH. My "evidence" is that trading firms that kept raking in the money, and that benefit from maximum productivity of their employees, still generally have a hybrid work culture. |
“True work only happens in person with human collaboration! Everyone must come back”
2 years pass
“Oh wow we can replace everyone with a chatbot this is amazing”
narrator: It was the interest rates all along. Many of these tech businesses are fundamentally bad, the ROI is smoke and mirrors, energy shocks and bad macro-economics are coming, and investors are starting to ask hard questions.