this post was submitted on 23 Aug 2023
1768 points (98.7% liked)
Technology
60052 readers
2872 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I'm going to choose to believe the CEO is actively trying to tank the share price for some reason. This is approaching get fired or sued by shareholders level.
Either that or a forced reduction in workforce without having to do layoffs.
It’s this. All the tech companies overexpanded during COVID when free investment money was everywhere. Now they’re all over staffed and want employees to self select out of employment rather than announce widespread layoffs. Meanwhile ruining life for everyone who can’t afford to quit.
That and seeing corporate real estate tanking. Its in the best interest of anyone who owns an office space to encourage return to work to try to help prop up the market long enough to exit.
But the “WORK FROM HOME” company should be doing EVERYTHING to encourage the activity that keeps THEM in business. It’s mind-boggling!
According to local news media, small businesses want this return to office because their restaurants are hurting. Doesn’t seem like they would lie about that.
They are not all overstaffed lol, that is total nonsense. Most "tech" companies are not FAANG or flashy startups.
These companies are greedy and trying to prop up real estate value while flexing on their employees, that's all there is to it. My company is severely understaffed and still refusing to hire people out of sheer greed.
This is what I believe as well.
Companies noticed people like to give up when mistreated so they now bully them into it. Reminder: Soft Quitting is a Reactionary method. People wouldn't do it at all if they were simply dissatisfied.