How do we go from record profits to massive layoffs and mandatory FT RTO?
Seems the cost and usage to heat, light, etc is greater than it was when we had hybrid. Am I wrong? And how did hybrid be so scorned even with blow out profits?
It isn’t computing…what’s the rationale? Really, it seems illogical to me. Not being snippy I really don’t think this makes sense on any level.
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https://www.forbes.com/sites/tomaspremuzic/2025/02/28/the-real-reasons-companies-are-forcing-you-back-to-the-office/
either preparation for the upcoming AI powered great depression v2, or preparing for a liquidity event like going public or being sold.
@b8 we’re on the cusp of the next Great Recession and massive layoffs.
The last layoffs were not "massive." Ask anyone who was around in 2008. That was a much bigger deal that impacted all of Fidelity.
@a2 but but but I thought they hated cars and driving?!?!
@OP just another variant of The Great Replacement.
@OP It's all about control. Management at any company at any level are control freaks.
They lost control during Covid. They were in a position to have to SAY how well employees did in a full remote environment and, later, hybrid but they never liked being in that position.
The plan all along... Corporate America-wide... has been to segue back to 5 days per week. As I understand it, Fidelity is a tad late in doing this compared to the rest of its industry.
There's a certain percentage of companies that will remain full remote or hybrid because they found it does in fact work for them and they are okay with it. By 2030, though, I say the vast majority of companies in America will be back to 5 days per week.
This is something you need to come to terms with. It's a bitter pill but it's reality.