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Grindr loses nearly half its staff to strict return-to-work rule
(www.latimes.com)
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this post was submitted on 19 Sep 2023
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Work Reform
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That's a weird way of saying "grindr found a way to lay off half its staff without having to pay severance"
This should honestly be the top comment, most companies appear to be using RTO as a means of doing mass layoffs without the negative PR hit.
Exactly right - this is a thinly veiled excuse for a planned large scale workforce reduction sidestepping some of the normal repercussions.
What I find most interesting here is that WFH is essentially a benefit (a big one) at this point, and they just eliminated a huge benefit. That usually has the effect of causing some of your greatest talent to walk - and leaving behind those people who either don't care about the benefit (there may be some, but I think this number is small) or don't immediately have the hireability to resign and go for greener pastures.
The tradeoff for grindr is that it'll make them temporarily look better on paper, but the loss of talent will probably hurt them in the long run. If there's one thing that seems to be true of modern capitalism, it's that companies are more than willing to fuck their futures over some perceived short term gains.
Grindr isn't the only company doing this. I'll be interested to see how this works out for all the employers using this same tactic.
Right. This produces the opposite result of what a layoff usually obtains, retaining talented key personnel while cutting the chaff. That's why I'm not sure layoffs were the actual goal.
back to the comments above: the management knows not the people who do the actual work. They can't immediately tell if the Chris who left was carrying his team or was the worst slacker in the company. They'll learn after they audit the remaining workforce and see The Spreadsheet say the people who remained are bottom performers (pun probably intended) but it'll be too late - the talent is gone, the trust is broken. Whether different companies learn from each others' mistakes is a mystery to me, apparently the global conspiracy of billionaire CEOs is not as robust as I expected (/s)