9.22.2024

Someone always has to show the way

I am and have been against remote work since the beginning, even though I apply it myself part-time. In my circle of friends and acquaintances, I am completely alone in thinking that remote work is somewhat negative. I think that a lot is lost such as experience feedback, hours worked, company culture for the employer, but that the employee also loses from this. The employee loses fellowship with his colleagues but also the opportunity to have a life outside the home that he can talk about with his partner.

Me and my younger sister, who works at a real estate company as a lessor, have had many discussions about remote work in particular, where she argued with the obstinacy of a fool that remote work is here to stay, while I have always been convinced that sooner or later the employer will realize that the disadvantages outweigh the advantages. Now I seem to be right.

Goldman Sachs plans to cut nearly 1,300 jobs from its global workforce as part of an annual overhaul, according to a report from The Wall Street Journal on September 1, 2024. The report stated that Goldman typically aims to cut about 2% and 7% of its total workforce annually based on performance factors. This range has changed over time due to market conditions and the bank's financial outlook. The annual slaughter process will take into account many factors. One such factor is presence in the office. The bank and its peers had relaxed this rule during the pandemic. But now banks are getting strict with employees who don't show up for duty, the report said. Another company following in similar footsteps is Amazon, which previously required employees to be in the office 3 days a week and is now changing the requirements to 5 days a week from January 1, 2025.

I believe this is just the beginning and more companies will follow.

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