Dirty downside of 'return to office'; ending WFH could make climate crisis worse

Re:Dirty downside of 'return to office'; ending WFH could ma... by ipnon on Friday August 18, 2023 @03:25PM (#37180805)

WFH is here to stay. If you look at which companies are mandating office returns it’s the large and old incumbents. The young companies and startups are investing in remote and global workforces. In a few decades time these companies will replace the dinosaurs of today. There is reason to be optimistic about long term remote work.

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Re:Dirty downside of 'return to office'; ending WFH could ma... by Kareem71 on Friday August 18, 2023 @03:31PM (#37180912)

Correct take, Infact I would argue enforcing work in the office probably accelerates the current tech oligopoly guard in their transformation into IBM like businesses

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Re:Dirty downside of 'return to office'; ending WFH could ma... by api on Friday August 18, 2023 @03:31PM (#37180900)

For young companies offering WFH is one of numerous ways to be competitive in the job market with large old incumbents.

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Re:Dirty downside of 'return to office'; ending WFH could ma... by someone321 on Friday August 18, 2023 @03:45PM (#37181084)

I think GitLab is a full remote company ? And I also think they're doing just fine. They seem to employ people from around the world in a 100% remote setup. Honestly, I find this cool.

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Re:Dirty downside of 'return to office'; ending WFH could ma... by the_jeremy on Friday August 18, 2023 @03:54PM (#37181212)

I mean, their stock has tanked by >50% since IPO, so not sure about "just fine".

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Re:Dirty downside of 'return to office'; ending WFH could ma... by CameronNemo on Friday August 18, 2023 @04:42PM (#37181825)

Has their revenue ranked as well? Are they bleeding customers? Has top talent left? Have they been forced to lay off large portions of their staff? Has their stock price dipped in relation to similar companies?

Looking at the trend of one number seems quite simplistic.

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Re:Dirty downside of 'return to office'; ending WFH could ma... by geodel on Friday August 18, 2023 @04:37PM (#37181760)

Well, I heard they have also raised the service price > 50%. Maybe it will balance out. Specially with current deskilling movement in industry where every little service and tools have to be 3rd party SAAS, people may just be forced to use Github and the likes.

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Re:Dirty downside of 'return to office'; ending WFH could ma... by adoxyz on Friday August 18, 2023 @04:11PM (#37181447)

most tech stocks have tanked compared to 2021 all time highs.

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Re:Dirty downside of 'return to office'; ending WFH could ma... by FredPret on Friday August 18, 2023 @04:59PM (#37182026)

Look at their fundamentals - it's not as simple as that. They've been going deeper into the red, but revenue is growing a lot. They're also not that highly leveraged - $771m in equity out of $1200m in total assets. [0]

[0] valustox.com/GTLB

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Re:Dirty downside of 'return to office'; ending WFH could ma... by bitcoinmoney on Saturday August 19, 2023 @12:44AM (#37185591)

So you think RTO will make their stock perform better? It’s a remote only company from the beginning.

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[dead]

Re:Dirty downside of 'return to office'; ending WFH could ma... by the_jeremy on Thursday August 24, 2023 @12:00PM (#37250469)

Would you prefer "loses over $100m a year, and has yet to make a profit" instead?

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Re:Dirty downside of 'return to office'; ending WFH could ma... by scruple on Friday August 18, 2023 @07:35PM (#37183576)

I really hope so. I also hope that we have better tools for remote collaboration in the future. IMO (I've worked remotely for well over a decade) the current stack of Zoom/Teams/Slack/Meet/Whatever are also dinosaurs that need to go extinct.

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