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IBM to Managers: Move Near an Office or Leave Company
(www.bloomberg.com)
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this post was submitted on 30 Jan 2024
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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.