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This is actually excellent news. A startup can now afford hiring better talent at lower costs, because people value remote work so much. Remote doesn't necess
by cue_the_strings 1y ago
This is actually excellent news.
A startup can now afford hiring better talent at lower costs, because people value remote work so much.
Remote doesn't necessarily mean working from home. There are people in situations (having babies / toddlers?) where their productivity would improve from working outside the home, so startups should offer to pay for a local coworking space or a similar arrangement.
- paulluuk 1y agoUnless startups with remote talent can't get funding, because investors look at big companies and thinking that if Uber, Apple, Amazon, Meta, Google think having in-office employees is better, there must be a good reason for it. But I don't know if that's how investors think?
- cue_the_strings 1y agoDon't underestimate investors' intelligence. Most of the RTO reasons barely make sense for investors investing in startups, but may for established companies. Things like this RTO push rarely happen without a reason. Off the top of my head: - tax cuts if you're operating in a certain area, maybe even historical ones, political connections like - legacy of lobbying local politicians in said area to get some benefit - conflict of interest from the owners (private or major shareholders) also somehow owning commercial real estate or businesses that rely on its vitality - management having reasons to prefer RTO: simple preference for in-person management, fear of loss of control or being perceived as useless, misalignment with a personal-connections-over-merit advancement; these things are mostly misaligned with the owners' interests
- agos 1y agothe startup I'm working at is doing exactly that, not really optimizing on the cost but we're getting some exceptional talent and we have an incredible leverage
- markus_zhang 1y agoDefinitely not good news for workers, especially parents you mentioned.