[zer00eyz]

> 5 days in the office was about soft layoffs

Look at the last 3 years of the job market: No company has any issue with doing actual lay offs. The layoffs have been about reducing capital spend, and one wants to get rid of dead wood and redundant hires, not let fate decide who stays or goes.

> My "evidence" is that trading firms that kept raking in the money

If you're talking about "trading" as in financial, then this makes sense from a culture perspective. Its a group of people who, are about the job and not about any ones feelings.

It's harder for teams to be this way without the social lubricant of bonding over lunch and coffee and small "how are you" or "the boss sucks" social interactions. Things that are easy in person but more difficult when all your communication channels are owned by the company or result in "documentation" that can be used against you. It's much easier to be "professional brusk" (I need this asap) with someone you just ate lunch and talked about life with than it is for someone you DONT have those interactions with.

I have been a consultant (read: mercenary) for over a decade now. I have seen just about every team layout there is, and there are lots of distributed teams whos effectiveness is much lower than it could be. Its going to depend more on your product and ALL your teams willingness to be candid and blunt than anything else.