I’m convinced a bunch of these return to office moves are just a face saving way to do layoffs. Walmart is closing tech hubs in Austin, Portland & Carlsbad and asking staff to relocate to work from the office to keep their jobs
Makes zero sense.
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@carnage4life for sure.
What's really interesting to me is that it's truly all about interest rates.
The companies laying off aren't generally distressed. And I really don't believe everybody simultaneously realized they're carrying a bunch of dead weight.
I think what happened is interest rates have made it more expensive to hoard talent trying to make bets on opening up new markets.
