Zuck is absolutely going to call back all the remote engineers that he hired over the past two years to the office, and just like with Tesla, those who refuse will be involuntarily separated. Work from home, _is_ going to die at the megacorps.
This is my fear at Google. I'm now remote for family reasons. If for some reason they decide to do layoffs the "cut the remote staff" approach might feel attractive for foolish execs.
Lots of smaller companies that have comparable compensation will continue to offer work from home. If a non-FANG position isn't a dealbreaker for you, you can do just fine if Google does end up requiring everyone to go back to the office.
> Lots of smaller companies that have comparable compensation
Do you mean smaller companies that all have similar compensation to each other or similar to FAANG? Cause very few companies out there are paying $400k+ for senior engineers. People join FAANG mostly for the pay - the brand recognition is just a perk.
I'm in the same boat. I would be pretty insulted if they reneged on remote work and used that as the primary decision criteria on who to keep or let go. Especially since I took a pay cut to go remote and most of the folks I work with are in other offices anyway.
The pay cut feels like a decent defense to me. Somebody looking to cut payroll by 20% should hopefully look and say "wow, those folks working remotely outside of the bay area, nyc, seattle are getting paid 15-25% less, maybe that is good for us."
I do not understand why so many companies are so intent on getting people back into the office.
I looked at the income statements for a few techs and banks on Yahoo Finance, and for the tech companies their net income is up from 2019 (in some cases doubled), and for the banks it is about the same as 2019 (I picked 2019 because that was before COVID). Companies are doing fine with remote work. I don't get what their problem is.
