Sounds like either:
- They've got a lot of expensive office space that's vacant
- They want people to quit rather than have to do a layoff
- Or, productivity has fallen to levels where they need to watch people
It's going to be real interesting to see how this and similar moves by other companies play out during this election year in Biden's economy.Quote:
Effective immediately, all U.S. managers must be in-office at least three days a week, and their badge swipes will be tracked and shared with supervisors and HR, said Senior Vice President John Granger in the note. Managers who don't live within 50 miles of an IBM facility, a source told Bloomberg, must move closer by the beginning of August or "separate" from the company.
...
Office attendance stayed basically flat in 2023, per data cited by Bloomberg; for the 10 largest U.S. business districts, it sat around half of pre-pandemic numbers.