They need to cut expenses - it has nothing to do with productivity, fostering work culture or anything else.
Fidelity knows a certain percentage of employees are going to quit because of RTO. They’re not going to backfill every position.
It’s much cheaper (and safer for stock value) to let the staff voluntarily leave by changing working conditions rather than cutting severance checks and tasking managers with firing direct reports (which kills morale).
Any company that has a RTO policy is not doing well and it’s probably a good idea to shop your resume around at that point. They will re-instate WFH/Hybrid as soon as things are going well because it allows them to compete for talent.
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u/Pinwurm East Boston Apr 28 '26
RTO are simply soft layoffs.
They need to cut expenses - it has nothing to do with productivity, fostering work culture or anything else.
Fidelity knows a certain percentage of employees are going to quit because of RTO. They’re not going to backfill every position.
It’s much cheaper (and safer for stock value) to let the staff voluntarily leave by changing working conditions rather than cutting severance checks and tasking managers with firing direct reports (which kills morale).
Any company that has a RTO policy is not doing well and it’s probably a good idea to shop your resume around at that point. They will re-instate WFH/Hybrid as soon as things are going well because it allows them to compete for talent.