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> I can see this being a valid argument for return to office for a lot of corporations, if its actually true. The tax benefits are too good to pass up and in of
by burnte 2y ago
> I can see this being a valid argument for return to office for a lot of corporations, if its actually true. The tax benefits are too good to pass up and in office has been the status quo forever.
Holding on to what is now an outdated view of worker utilization might help them for a couple years with these tax incentives, but they're going to get a lower quality of worker, and incur a lot of retraining costs as people quit. They're going to have to pivot to having less commercial real estate eventually.
- supportengineer 2y agoThe executives must look out and see a bottomless supply of cheap engineers. And I doubt they plan on training anybody at all. It’s just a race to the bottom at this point.
- burnte 2y agoThey'll be gone in 3 years. This will juice the stock price as investors will be happy with gaining additional tax benefits. By the time the problems bubble up from a weakened foundation it'll be the next guy's problem.
- snoman 2y agoAmazon already had very high turnover before Covid. Many people don’t stick around (willingly or otherwise) after the year 2 hiring bonus cliff.
- GenerocUsername 2y agoAs long as shipping in whole floors of indians is a viable strategy it will continue. As soon as they cannot shio them in, they will ship the jobs to India. We need tariffs and controls to maintain quality of living standards above the global median
- Aurornis 2y ago> but they're going to get a lower quality of worker, and incur a lot of retraining costs as people quit. This gets repeated a lot online but statistics don’t really support it. They will lose some number of employees but the significant majority of people just go along with RTO policies. All of the headlines claiming employees will quit if their companies mandate RTO are based on self-reported surveys where people are asked hypothetical questions. When reality hits and people are forced to choose between their large FAANG comp or quitting, it turns out barely anyone quits.
- pteraspidomorph 2y agoIt probably depends on whether there have been hundreds of thousands of severances in the industry in recent years or not... People would probably quit if they didn't have to compete with an insane amount of people to get a job at this time.
- kmonsen 2y agoWhich is why we are seeing return to office right now.
- marcus_holmes 2y agoThe people who are there to solve interesting problems quit [0]. The people who are there for the cash stay. The vast majority of any large organisation are in the second category, so your statement is 100% correct. Whether the organisation loses something because the first category leaves, is open to debate. I think they would. [0] because they now have the experience (and option at other organisations) of working from home full-time, which reduces their exposure to corporate bullshit and pointless meetings.
- dnissley 2y agoTo be fair not all people who are there to solve interesting problems prefer remote, so they would only lose some subset of those folks.
- deleted 2y ago[deleted]