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Tech CEOs are backtracking on RTO mandates—now, just 3% want workers in the office full-time

Tech CEOs are backtracking on their RTO mandates—now, just 3% of firms asking workers to go into the office full-time

https://fortune.com/2024/08/02/tech-ceos-return-to-office-mandate/

Research shows tech CEOs have given up on rigid RTO policies.

Tech CEOs are backtracking on their RTO mandates—now, just 3% of firms asking workers to go into the office full-time

Leaders are perhaps experiencing more resistance than they had anticipated.

Amazon is perhaps the most documented example of how ugly the RTO battle can get: Around 30,000 employees signed a petition protesting the company’s in-office mandate, and more than 1,800 pledged to walk out from their jobs to take a stand.

The tech giant is still complaining that workers are dodging the three-day in-office mandate, over a year after it was announced.

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ofcourse

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Because a lot of CEOs these days only care about quarterly reports. When interest rates went up, companies cost to do business also went up, so to keep the red profit line going up, they had to cut costs somewhere. Labor makes up most of the expenses so layoffs and forced RTO happened.

These CEOs don’t care that they lose years of experience when employees leave. And by the time the lack of experience catches up to the companies shitting themselves, the CEOs hope to have moved on to something else with their massive stock rewards for “increasing shareholder value”. Even the Boeing CEO who wasn’t lucky enough to leave before shit hit the fan is going to get a golden parachute. So really no downside for them.

captain_aggravated

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The computer did that auto-layoff thing.