Thread regarding Fiserv Inc. layoffs

You are in the office for two main reasons:

(1) Sunk real estate costs and and investments in it

(2) Many people might not know this, but city governments are pressuring business leaders to deploy RTO initiatives because commuters spend more (read: generate more taxes)

@cw Bite me. Now get your ar-e in the office and work so I dont have to lay you off.

Does everyone's office have a parade of clients going through it for the last four years? I client has never seen me in the office. Not even once. Get a better lie.

@br It is less complicated than all of these statements and rebuttals that people share. Get in the office. Get the tax incentive. Work like most Americans. It's all so simple.

@cg You are a low level employee. You think we are looking for you to tell us what our ELT is doing and why. Nope.

Fiserv's corporate investors that own a ton of commercial real estate want you in the office. I work for a client of Fiserv's we are probably a top 5 client and we are completely remote. We don't care if you are in the office or not.

Everything Fiserv leadership does is for the investors, clients and employees are last.

It’s less complicated than you think. Fiserv has several long term office leases that are tax advantaged by local governments IF they maintain a certain level of in office workers. Don’t costs the executives money if the worker bees are not in office. They don’t care about anything else.

You should open your eyes, then. I read articles every day about companies requiring employees to be back in the office five days a week while continuing to carry out constant layoffs. It's not just happening at Fiserv.