Wall street has tightened its expectations on money invested in a higher interest rate environment and the price/earnings ratio is one of the main KPIs that’s e

Wall street has tightened its expectations on money invested in a higher interest rate environment and the price/earnings ratio is one of the main KPIs that’s easy to game with a layoff. If you’re uncertain about how well your company’s performance will do, you do a round of layoffs and that boosts your chances. Furthermore in companies that pay well culture is often more cut-throat and management will blame remote work as first layer. People who have a family and live with a commute may struggle with that, but those with a spouse will make do and go back to the office. The spouses that earn less get impacted, especially if the variability of commute can’t support both parents commuting. The funny thing is that in consumer companies where you need to be attuned to consumer demand the jobs that keep a finger on that are perfect for remote work but less paid. So if you are a consumer tech company and you mandate return to office you are likely shrinking.