4 ms·

...to be replaced by "actually, you're just laid off, don't come back to the office after all".

outside1234 3y ago
That might be the case at some companies, but my company has realized this means less facilities, less money, less problems, and once companies (and shareholders) see that, there are going to be more questions about WHY do we need to spend money on your "towering glass box" when we can get it for free from the employee home?
- toss1 3y ago
  Yup. The primary driver of RTO is the massive overhang in corporate real estate. Not only was it overbuilt, it is now also redundant (and not in a good way). Notice one of the primary drivers is Jamie Dimon, Charimand & CEO of JPMorgan Chase, who will be a huge loser in a office real-estate crash, as are many of the other drivers. Meanwhile, most workers have seen that daily commuting is an absurdly wasteful anachronism, and astute managers have noticed (as IBM did decades ago), that remote work slashes Capital Expenditures for real estate, and has gives a massive talent advantage, since your available talent pool is national or global, instead of only a small radius around each office. They can keep trying to make RTO happen, but it won't. RTO has flatlined, and remote will only grow. It'll probably stay stable as current office leases continue to run, but on expiration, any smart company will reevaluate if they really need so much office space.
  - geodel 3y ago
    > Notice one of the primary drivers is Jamie Dimon, Chariman & CEO of JPMorgan Chase, who will be a huge loser in a office real-estate crash, Could be just coincidence that he recently sold his 140 million dollar worth of shares of JP Morgan.
  - postexitus 3y ago
    With anachronism induced limitations removed and available talent pool unlocked globally, the unfortunate truth is that the average developer comp will come way down. I am not an RTO supporter and highly paid developers supporting RTO is the biggest hand gun ever in human history.
local_crmdgeon 3y ago
More likely is "your job has now been moved to Poland. Thank you for your time" Sure, for SDEIIIs that's not true. But for entry level people 100% WFH is a disaster.
- coffeebeqn 3y ago
  I don’t know that that’s true. You still have a big time zone and cultural gap.
  - ghaff 3y ago
    From the East Coast to Europe, time zones aren't that bad and cultural issues are pretty manageable too. From the West Coast it would be harder.
- __turbobrew__ 3y ago
  I work in a remote first company with a few thousand employees and the jobs are not moving to Poland but to Canada. Turns out you can pay 2/3 as much as a US dev and poach the best talent in Canada since you will be paying top of market. Also, for most Canadians they can easily travel to the US for company events.

That might be the case at some companies, but my company has realized this means less facilities, less money, less problems, and once companies (and shareholders) see that, there are going to be more questions about WHY do we need to spend money on your "towering glass box" when we can get it for free from the employee home?

toss1 3y ago
Yup. The primary driver of RTO is the massive overhang in corporate real estate. Not only was it overbuilt, it is now also redundant (and not in a good way). Notice one of the primary drivers is Jamie Dimon, Charimand & CEO of JPMorgan Chase, who will be a huge loser in a office real-estate crash, as are many of the other drivers. Meanwhile, most workers have seen that daily commuting is an absurdly wasteful anachronism, and astute managers have noticed (as IBM did decades ago), that remote work slashes Capital Expenditures for real estate, and has gives a massive talent advantage, since your available talent pool is national or global, instead of only a small radius around each office. They can keep trying to make RTO happen, but it won't. RTO has flatlined, and remote will only grow. It'll probably stay stable as current office leases continue to run, but on expiration, any smart company will reevaluate if they really need so much office space.
- geodel 3y ago
  > Notice one of the primary drivers is Jamie Dimon, Chariman & CEO of JPMorgan Chase, who will be a huge loser in a office real-estate crash, Could be just coincidence that he recently sold his 140 million dollar worth of shares of JP Morgan.
- postexitus 3y ago
  With anachronism induced limitations removed and available talent pool unlocked globally, the unfortunate truth is that the average developer comp will come way down. I am not an RTO supporter and highly paid developers supporting RTO is the biggest hand gun ever in human history.

local_crmdgeon 3y ago

More likely is "your job has now been moved to Poland. Thank you for your time" Sure, for SDEIIIs that's not true. But for entry level people 100% WFH is a disaster.

coffeebeqn 3y ago
I don’t know that that’s true. You still have a big time zone and cultural gap.
- ghaff 3y ago
  From the East Coast to Europe, time zones aren't that bad and cultural issues are pretty manageable too. From the West Coast it would be harder.
__turbobrew__ 3y ago
I work in a remote first company with a few thousand employees and the jobs are not moving to Poland but to Canada. Turns out you can pay 2/3 as much as a US dev and poach the best talent in Canada since you will be paying top of market. Also, for most Canadians they can easily travel to the US for company events.