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A study analyzing Apple, Microsoft, and SpaceX suggests that return to office (RTO) mandates can lead to a higher rate of employees, especially senior-level ones, leaving the company, often to work at competitors. 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. Apple representative Josh Rosenstock told The Washington Post that the report drew “inaccurate conclusions” and “does not reflect the realities of our business." Yet some companies have struggled to make employees who have spent months successfully doing their jobs at home eager to return to the office. Dell also started tracking VPN usage this week and has told workers who work remotely full time that they can’t get a promotion. — Saved 78% of original text.
peereboominc@lemm.ee 5 months ago
Where did they go to? From Apple to Microsoft to SpaceX to Apple?
nightwatch_admin@feddit.nl 5 months ago
I have seen some start a consultancy, sane job, better pay and strict agreements on presence. There’s probably also a whole heap of companies raking in real talent, motivated and eager to drive the former employer’s business into the ground.