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The (unfortunate) reality is these shifts back to office are going to be easier to pull off if a company is willing to lose 10% of their staff (or whatever the
by cj 3y ago
The (unfortunate) reality is these shifts back to office are going to be easier to pull off if a company is willing to lose 10% of their staff (or whatever the percentage ends up being) because the job market right now is very loose with a lot of people out of work, making replacements are easy (and quick) to find.
Some companies may even like the idea of shedding some of their top talent (who also tend to be paid a lot) if they feel they're still overstaffed from the covid hiring boom.
Source: I'm a hiring manager at a remote company. I've talked to candidates who are leaving their companies because they tried to negotiate 100% remote but their companies are refusing, so they're looking to land at a permanent fully remote position.
Edit: comment above is in the context of tech companies
- jncfhnb 3y agoThe US unemployment rate and total unemployed people is at its lowest point in at least 20 years.
- DrBazza 3y agoYou raise an interesting point. For large companies, they'll use this as an opportunity to push salaries down. This happened in banks in London over the 90s and 00s. At each 'crisis' (IR35, LTCM, credit crunch, etc.), they made staff redundant, and reduced new salary offers across the board, you could argue, almost like a cartel.