IBM to Managers: Move Near an Office or Leave Company::International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company.
IBM to Managers: Move Near an Office or Leave Company::International Business Machines Corp. delivered a companywide ultimatum to managers who are still working remotely: move near an office or leave the company.
Step 1: Enforce RTO mandates Step 2: Fire remote employees Step 3: Replace the fired folks with remote job positions, paying 10%-15% less.
Or not even hire replacements, so they cut workforce AND don’t have to pay severance packages. Costs are reduced, earning are higher, shareholder are happy. Yes, it’s a relatively short term plan, but that’s what analysts and investors care about, short term returns.