Tech companies have realized there is no reason to pay their employees living in the U.S. a premium. There was a belief, whether true or not, that having their best employees working together in the same space gave them outsized returns. But now their most expensive employees refuse to work together in the same space.
The only question these companies have now is how to offload them fast enough to replace them with cheaper employees in Asia, Eastern Europe, and South America.
As a bonus, those employees are even more likely to come into the office and gain whatever multiplier effect working physically with each other the CEOs of tech companies believe might exist.
Slackers who don't have higher chances outside will stay.
so, stack ranking is now openly recommended?
Or will their mostly-stock-based income go up as a result of saving so much money and increasing the stock price?
I bet MSFT employees think unionizing is for "poor performers". But on a long enough timeline everyone is a cog.
this is a great way to allow inflation to implement pretty significant pay cuts
