~~Defeated~~ Mildly annoyed CEOs are now conceding hybrid working is here to stay
FTFT.
They have their wealth and their heads are still attached to their necks - there is nothing "defeated" about them.
this post was submitted on 13 Apr 2024
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Worked for a multinational where they pushed their shared services centre into a 3 day/week RTO from fully remote, thinking this would improve things. It only exacerbated the staff turnover rate which at its peak hit 95% in some departments (I worked in Accounts Payable.)
When strategies like lengthening contractual notice periods, buying pizza on crunch weeks, extending RTO further and even a payrise (that was still below market rate) didn't work... They outsourced hundreds of jobs to India and laid tonnes of people off.
I escaped redundancy and went into a higher commercial finance role (internally) with a considerable pay rise. It's almost fully remote. The culture shock is baffling.
defeated broke millennial more disaffected for not being able to get past article paywall :(
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RTH