Recession and Return-to-office
Recession and Return-to-office
- May 23, 2022
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Meta, Twitter and Uber are among some companies that have pushed back return-to-office plans for employees. Dara Khosrowshahi, CEO of Uber wrote in an email to employees that the company "will treat hiring as a privilege and be deliberate about when and where we add headcount." Meanwhile, a Meta spokesperson said, "in light of the expense guidance given for this earnings period, we are slowing its growth accordingly."
Carvana and Robinhood are companies that went on a hiring streak recently and are now letting go of workers. Robinhood CEO Vlad Tenev announced that the company would be letting go of approximately 9% of its 3,800 employees. As for Netflix, the company recently laid off 150 employees. This quickly shifting employee-employer dynamic could give companies the ammunition to take a harder line against the full-time work-at-home arrangements that many employees have pushed for, according to corporate policies experts.
Source: CNBC
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