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Amazon CEO tells staff to work in office three days a week or look for another job
(www.theguardian.com)
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this post was submitted on 29 Aug 2023
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All of FAANG and most big companies are forcing this hoping people won't have anywhere to go.
Basically a free gift to smaller competitors. If you've got desirable skills then you can be selective. Smaller companies offering remote work are more desirable, and saving on rent, utilities etc. means you have more to offer in terms of wages and benefits.
Sort of?
The big tech companies often pay workers well outside the bands of other firms, particularly when you factor in the equity portion of compensation.
We’re interviewing a Googler right now and they’re going to knowingly take a pay cut to join a company that’s fully remote.
Likely this persons’ move isn’t only about it being remote but also that they’d have more agency in a smaller org.
This is it. People move from FAANG to smaller orgs to have more agency, step up a role etc.. But then we take a severe paycut because often those companies don't have stonks and stuff.
They're banking on people living in big cities needing those salaries, and it's likely going to work.