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I think this proves the opposite. Companies bid up salaries and perks to a level they can't actually sustain. Now that the stock markets are back to normal they
by tschellenbach 4y ago
I think this proves the opposite. Companies bid up salaries and perks to a level they can't actually sustain. Now that the stock markets are back to normal they can't afford this anymore and need to make cuts.
- mise_en_place 4y agoExactly. This is just a symptom of belt tightening. A lot of money losing companies will have to cut benefits like remote/WFH and start laying off people. OTOH, if a company cannot offer WFH/remote now, then I'd say that's a strong signal of a money losing company that's in trouble. Hint: a lot more than you think, they just were able to coast on easy interest rates for so long. At any rate, the Fed will eventually inflate the trampoline below this falling economy. The economic pain will be too much to bear, especially given how vulnerable Biden is for re-election.
- SauciestGNU 4y agoI don't understand why eliminating wfh would be a cost savings, isn't office real estate expensive and don't companies externalize costs into their remote employees?
- tangjurine 4y agoWhy is wfh costing the company money?
- wkat4242 4y agoRemote shouldn't be considered a 'benefit'. It's not a gift to the employee to provide a much better work environment. Which doesn't even cost the company any money.
- oblio 4y agoWhat are you going on about? Google laid off employees while still making a net profit per employee of about 400k, more than they're paying employees on average.