I hear from several very “in-the-know” credible L3/L4 friends that 2025 will be the wildest ride. Rumors of 50% reductions/expense across multiple orgs. Attrition from RTO and normal surplus will certainly help with this, but where else will they be able to cut? Interest rate drops will positively impact pension lump sums and some will leave voluntarily. Legacy products being retired will trim staff roles. Fewer retail stores and less attractive sales commission abstracts will drive less sales and more PIPs.
Still gotta run the company, but how do you do grow it with 70-80k employees (or less)?
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Yeah I heard it too.
Your right RTO is about attrition. It’s also about productivity, accountability real estate values and tax breaks. It’s a lot of things but at the end of the day it’s about money.
don't get too comfy with RTO. have you heard about the deep state drones. get ready for martial law from now to jan 20 just before trump takes office
“One-third of the employee base will be gone by the end of 2025, if the projections hold true. If that’s the case, most folks will not have to worry about working in the office.“
Not working even when I am in the office now. F the big blue marble T.
Do you think little Jer goes into the office and does work? Nope. He’s working on the 7th API Catalog. (Which is a dummy code name for a task given to his peons to inventory remaining APIs and doc gather up API doc before he boots everyone out the door or rebadges them to TechM)
I won’t lift a finger for these bozo the clowns anymore.
One-third of the employee base will be gone by the end of 2025, if the projections hold true. If that’s the case, most folks will not have to worry about working in the office.
“I will be working less now that I have to be in the office 8 hours.”
Even if you decide to cut back on your hours, T will be better off in the long run since there is a better handle on the extent to which employees were falling short of full time hours.
delusional and low IQ if you think RTO is about productivity
" Employees will be held accountable for regularly working a minimum 40 hours each week."
LOL -- I will be working less now that I have to be in the office 8 hours. It's all about culture. Got my 8 -- the work can wait!
"I hear from several very “in-the-know” credible L3/L4 friends that 2025 will be the wildest ride."
I'm hearing the same, in an E&O department...
Unfortunately, the November segment rates just came out, and they ticked UP from October, not down. Since November is the rate that will affect 2025 lumps, I'm sure Fidelity with update the calculators soon.
Good luck everyone! Hang on tight.
It’s gonna be all rainbows and unicorn rides.
This is where RTO will play a large role. Employees will be held accountable for regularly working a minimum 40 hours each week. It has now been shown there are a lot of employees who have long abused WFH.
Stinky is the right man for the job. All he knows is reductions . . . he does not know how to grow. Every business he has run reduced revenue during his tenure.
Stink is monkey and a parrot.
Monkey see, Money do. He probably sits on his IPad all night taking notes on Verizon. He comes to work the next day and bends the strategy and message a little bit and presents it as his own original thoughts. The Stink probably copied other peoples work all through high school and college.
Verizon keeps raising the bar. They are under 100k headcount so of course Stink has to follow.