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Amazon is making its employees come back to the office five days a week (www.theverge.com)

submitted 2 days ago by AmbiguousProps@lemmy.today to c/technology@lemmy.world

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[–] EatATaco@lemm.ee 8 points 2 days ago* (last edited 2 days ago) (1 children)

Because the CEOs are all more concerned with the commercial real estate market than running their company efficiently.

It's shocking how many people have honestly bought this. I mean, I'm sure there is some truth to it and maybe somewhere, someone forced people to come back because of some real estate interests... But the CEO of Amazon almost certainly gains to benefit much more from a rise in price of Amazon stock than any real estate they might own. And even if it was the case, I dont think the board would be very happy about it.

It might be the wrong move, and maybe it is being done to get people to quit, but it's being done because they think it means more money from Amazon.

[–] BombOmOm@lemmy.world 13 points 2 days ago (2 children)

I think they are mostly doing this as a stealth layoff. It's been a pretty popular strategy lately.

[–] Hillmarsh@lemm.ee 4 points 2 days ago

Yeah and this whole agenda of RTO rolled out worldwide directly after Davos 2023 when a bunch of CEOs were tweeting about it from there. But noticing this makes you a conspiracy theorist.

[–] MonkderVierte@lemmy.ml 8 points 2 days ago* (last edited 2 days ago) (2 children)

The joke is, you get the good people to leave first this way. Be it estate or layoff, it's a bad move either way.

So why do they do it still? Only thing i can think of is the powerplay. CEO types are sometimes as developed as a child, mentally.

[–] Reverendender@sh.itjust.works 2 points 20 hours ago

Also Andy Jassey does not look like he is able to effectively groom himself, so that tracks.

[–] sunzu2@thebrainbin.org -1 points 2 days ago

Because from you run a mega corp, you don't care about talent. You need complaint slaves!