When I first joined Fidelity my team/business unit were almost entirely in one building. We had a small India team but on the whole we were co-located. Over the years with technology and pandemic everything fractured and folks were more and more on little islands. Now, there are maybe 10 people out of the hundreds I work with that are in the same location.
I suspect that the long term goal of RTO is get back to a heavily co-located site strategy and they are trying to figure out how small the team can be to reap the benefits of co-location. I don’t think it will reach the “whole business unit” level, but I think we will see more and more location locks happening for job postings as the move for building capacity strategy to team co-location strategy.
In five years things will look very different.