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Apple, SpaceX, Microsoft return-to-office mandates drove senior talent away (arstechnica.com)

submitted 6 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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The study (PDF), published this month by University of Chicago and University of Michigan researchers and reported by The Washington Post on Sunday, says:

In this paper, we provide causal evidence that RTO mandates at three large tech companies—Microsoft, SpaceX, and Apple—had a negative effect on the tenure and seniority of their respective workforce. In particular, we find the strongest negative effects at the top of the respective distributions, implying a more pronounced exodus of relatively senior personnel.

Dell, Amazon, Google, Meta, and JPMorgan Chase have tracked employee badge swipes to ensure employees are coming into the office as often as expected. Dell also started tracking VPN usage this week and has told workers who work remotely full time that they can't get a promotion.

Some company leaders are adamant that remote work can disrupt a company's ability to innovate. However, there's research suggesting that RTO mandates aren't beneficial to companies. A survey of 18,000 Americans released in March pointed to flexible work schedules helping mental health. And an analysis of 457 S&P 500 companies in February found RTO policies hurt employee morale and don't increase company value.

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[–] JustEnoughDucks@feddit.nl 3 points 6 months ago* (last edited 6 months ago)

They don't want people to innovate. Innovation is a buzzword that they use to market themselves as something other than parasites.

Most companies want to safely follow market trends to suck away large profit margin with minimal payout to workers. If they make a product that doesn't work, they just assert that it does and that the customer is wrong.

That's also why they intentionally quiet fire seniors like in the article. They don't give a fuck about quality or innovation. They want the cheapest labor possible while hiking service/product pricing.

They don't want employees to be happy. They want them to be cheap and exploitable.

That is literally the base form of businesses in the flawed reality of capitalism.