Meta updates RTO policy with stricter mandate, saying workers may lose their jobs if they don’t show up 3 days a week::Meta, formerly known as Facebook, told employees that its new RTO policy would be enforced by management.
A year ago they told people something different and people made decisions around that policy. Reversing course is evil and bad management.
Sounds like the kind of shit you pull when you actively want attrition. There are times when a company needs to cut people and then layoffs happen. There are also times when the company is willing to say “we’re imposing policy X and if you can’t get with that, we’re happy to lose you.”
Which is bad management because it stops you being in control of who leaves and who stays.
In fact, you’re more likely to lose the people you actually want to keep when playing that game because they are the ones with the more employable skills, hence why they can leave in the first place.
The people who stay are those that are stuck, and can’t get jobs somewhere else.
Edit : speeling and gramarr.
Lets see how that will work out…
Maybe this is his plan all along? It will help cut down the workforce without having to do a layoff and pay severance.
My company has a 3-day/week hybrid policy. It’s lame. Since not everyone is there on the same day, I still sit in my cube on teams chat all day. Most of the time I don’t interact with anyone for work related reasons. And as an introvert, I don’t really go out of my way to engage with people otherwise.
Hybrid is really the worst of both worlds, none of the benefits of having everyone in office, none of the benefits of never having to go into the office
My office is an absolute wasteland for this reason. Also because everyone who works there has teammates who are full remote, or in the central US office, the eastern US office, the Japan office, India, etc. There’s no such thing as being physically present with your coworkers ANYWAY, even if you come into the office.
Ironically, I find the office more pleasant now on rare occasions when I go in. It’s SO QUIET and clean. There are no dirty dishes in the sink. The bathrooms are always free and clean. I work in a cluttered home with small children most days and the office is like a luxury resort by comparison.
I show up to my work chatrooms and video calls 5 times a day. My bosses treat me like a professional adult. I get my shit done, fight fires, and communicate to my team and co-workers just fine. My morning routine involves not driving to work, because it’s a goddamn waste of my time.
If you can’t handle remote work, your employees will find places that can. Adapt or die!
Given how bad this company is tanking, I wouldn’t be surprised if this was deliberately done to cut payroll.
Absolutely, this return to office stuff has been an absolute gift for CEOs wanting to downsize, it’s the perfect fluffy PR way to turn the thumbscrews. Factor in the popular idea that you’re a slacker if you don’t work hard all the time and you basically have public support too.
I’m sure plenty of people will just suck it up and view the past few years as a very extended break from office nonsense and commuting hassle, but enough will jump ship to fill quotas
Office space costs a lot of money. Desktop computers cost a lot of money. The inability of their co-workers to immediately wake up and solve some emergency costs a lot of money.
Every day they are not continuing remote work practices is another day they are bleeding money.
The company I work for is still fully committed to remote first. They have closed multiple office locations including the entire headquarters campus. They can’t stop gushing about how much money they’re saving.
Thing is though that often, real estate deals are made over long periods of time. I think a lot of RTO stuff is happening because companies can’t just get out of their leases. They spent years and millions of dollars actually building offices and by god they want to see them get used.
I suspect that these big corporations were advised by banks and the government to scale back work from home policies to avoid triggering a real estate market collapse in cities by vacating expensive office space en masse. This could cause defaults by landlords and a housing crisis as workers no longer need to pay premiums to live near offices. An exodus from cities would crater housing markets, which would severely damage the overall economy. Thus corporations are only half-heartedly pushing for office returns to avert an economic crisis, despite the cost savings of remote work
“How bad this company is tanking.”
Y’all are ridiculous. Meta isn’t anywhere near tanking. I don’t know why some of you parrots keep saying this.
They lost ~$10b in net income in Q4 '22 and Q1 '23 so definitely a company in some level of distress, but Q2 saw them ~$7.5b in the black.
Meta net income
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Q4 2023: USD 4.652Bn.
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Q1 2023: USD 5.709Bn.
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Q2 2023: USD 7.788Bn.
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Q4 2022: Facebook monthly active users (MAUs) – MAUs were 2.96 billion as of December 31, 2022, an increase of 2% year-over-year.
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Q1 2023: Facebook monthly active users (MAUs) – MAUs were 2.99 billion as of March 31, 2023, an increase of 2% year-over-year.
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Q2 2023: Facebook monthly active users (MAUs) – MAUs were 3.03 billion as of June 30, 2023, an increase of 3% year-over-year.
User stigmata is correct and neither Meta nor Facebook are sinking, despite what we might want to believe.
