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.
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.
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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.