Snap has misplaced 80% of its inventory worth in a single 12 months. That is about jettisoning staff, full cease. Attempting to pressure attrition by making unpopular selections simply ensures the workers who go away would be the ones who’ve choices. I believe Snap is to date gone that execs are now not fearful about retaining expertise at this level, and are simply trying to strip the carcass and escape with their golden parachutes.
Predominant factor that is annoying right here is that wholesome firms may have a look at this as a official back-to-office order, not a pressured attrition play, and probably use that to justify their very own decision-making over WFH. I’ve seen quite a lot of articles make point out about Elon Musk ordering Twitter staff again and speaking about it as some type of indicator of a official development of the top of WFH, and utterly leaving out the context that Musk was flailing at mass layoffs on the time he gave that order.