Amazon’s return to office announcement is a warning sign for remote workers everywhere. CEOs want to return value to shareholders, and it may well be that bringing people to the office can help with that.
Really, that’s it. That’s their goal. Sure, they may state goals like “Amazon strives to be Earth’s most customer-centric company, Earth’s best employer, and Earth’s safest place to work,” but if they aren’t returning shareholder value, they’ll change what they are doing.
And change they are. This week, Amazon CEO Andy Jassy released a letter to employees that included plans for the future and mandated a return to the office. Naturally, some employees are unhappy about this. Many people love working from home.
To keep reading, click here: Amazon’s Return-to-Office Mandate Could Be a Game-Changer for Shareholder Value
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4675401 found that the data didn’t support the theory that RTO improved shareholder value. They looked at more than one company. We will see how it works for Amazon.
Child care problems doesn’t necessarily mean they are watching their kids instead of working. It could mean that they can pick their kids up before closing time and large fees when working from home, but have less control over a long drive to get their kids by closing time if commuting.
There are compelling arguments on both sides of this debate, and some people are certainly not doing what they should be doing, but there are real impacts to people’s lives and wellbeing with RTO mandates.
Inc and Fortune among others are pay to play publishers. They generate corporate click-bait. Quoting them as fact is not good look. WFH will go according to the balance of power which trends this way today and that way tomorrow.
Some people do pay to publish at varies sites. I do not. They pay me.