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Exactly. 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
by mise_en_place 4y ago
Exactly. 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.