News for hackers. Stuff that matters.
Re:Meta has started its latest round of layoffs, focusing on... by btbuildem on Wednesday May 24, 2023 @09:43AM (#36057955)
These companies have boards, and these boards are incredibly "inbred" so that the vested interests coincide and reinforce. You'd be surprised how many of your C-suite sit on boards of REITs or have invested huge amounts of company "cash" into them.

It's most definitely about money, all the way.

Re:Meta has started its latest round of layoffs, focusing on... by m348e912 on Wednesday May 24, 2023 @09:59AM (#36058166)
You have eloquently summarized what I have been trying to say about the "return to the office" battle that is currently underway.

The "executive class" stand to lose a lot more than the "laptop class" if staff don't return to the office.

Re:Meta has started its latest round of layoffs, focusing on... by Dave3of5 on Wednesday May 24, 2023 @10:25AM (#36058568)
I remember finding out about this early in my career. The office building that my company used was own by the company director but under a different company.

He tied the company into a 3 year lease and then sold our company to a multi-national company. Not the company that owned the office just the company using it nice extra little earner for him considering he also set the rent amount as well.

Re:Meta has started its latest round of layoffs, focusing on... by mdgrech23 on Wednesday May 24, 2023 @10:16AM (#36058413)
I 100% agree w/ this and have been making that argument in the anti return to work subreddits. People on the board may also be heavily invested in the auto or gas industry who also strongly wish to see a return to the office.
Re:Meta has started its latest round of layoffs, focusing on... by cma on Wednesday May 24, 2023 @10:28AM (#36058616)
> People on the board may also be heavily invested in the auto or gas industry who also strongly wish to see a return to the office.

Musk has be expressing concern even though it reduces emission, nominally his primary goal, far more than eletric commuting, and he himself heads so many companies that he mostly works remotely at all of them.

Re:Meta has started its latest round of layoffs, focusing on... by andsoitis on Wednesday May 24, 2023 @09:54AM (#36058095)
> You'd be surprised how many of your C-suite sit on boards of REITs or have invested huge amounts of company "cash" into them.

Do you have stats? Or do you even have one good and compelling example?

Re:Meta has started its latest round of layoffs, focusing on... by azca on Wednesday May 24, 2023 @10:02AM (#36058216)
This feels like a startup idea.
Re:Meta has started its latest round of layoffs, focusing on... by actuator on Wednesday May 24, 2023 @10:45AM (#36058865)
Unless you can prove it with specifics for each company, this is patently false and a sweeping generalization.

Companies like Meta were all gung ho about remote work in 2021, when they hadn't seen the long term impact of it. The push inside Meta for WFH not being as effective for new employees started coming up in 2023 after the performance evaluations were done and they noticed a trend. You might argue that the data analysis might have been incorrect, but that's another question. The same company is also heavily cutting on office space.

I know people in tech are pro remote but let us not come up with these wild unsubstantiated theories to support what we like.

Remote work might not be as effective for every company on the same level, maybe it is the culture, maybe it is role dependent, but it is simplistically not just about some shadowy real estate moguls.

Re:Meta has started its latest round of layoffs, focusing on... by zamalek on Wednesday May 24, 2023 @10:47AM (#36058884)
Do not attribute to malice what can easily be explained by stupidity.