3 ms·
Something whispered about by the MBA set right now is how the recent hard RTO push at these companies is a form of "stealth layoffs". Don't have to pay severanc
by garethsprice 3y ago
Something whispered about by the MBA set right now is how the recent hard RTO push at these companies is a form of "stealth layoffs". Don't have to pay severance if someone quits voluntarily.
I doubt TikTok has too many old-school types who just love being in office given they had barely a few hundred employees in the US prior to 2019, and didn't exist as a company until 2016, so it's a good control for the "outdated middle managers just want butts in seats/so they can exert power" theory (which as a prior middle manager myself I just didn't see in any of the hundreds of other tech EMs I interacted with).
TikTok did however scale from <500 US employees in Jan 2020 to >8,400(!) today. They set an aggressive hiring target of 10,000 employees by 2023 when the economy was going strong. Lots of biz dev and recruiting people amongst them who aren't required in a (predicted) recessionary cycle. So by forcing RTO and making it unpleasant, the rational conclusion (imo) is that they're hoping to thin the ranks.
Here's an article from CNBC about it:
https://www.cnbc.com/2023/09/12/why-rto-mandates-are-layoffs-in-disguise-according-to-workplace-experts.html https://www.cnbc.com/2023/09/12/why-rto-mandates-are-layoffs...
- alkibiades 3y agothey can hire those outdated middle managers from elsewhere