Originally I was looking at this move as a crackdown on under performing employees, lower quality of results, and loss of control of the people. Ultimately I kept circling back to the mentality that if this was the case then Yahoo! and Best Buy have really poor management practices if they can't handle this. I personally am 100% for remote working. As I was talking to various people about this headline, this afternoon I talked with a retired executive level and he gave me a different viewpoint.
Yahoo! and Best Buy did this to get rid of people without laying them off.
Think about it, you have two failing (declining) companies of massive size. You need to make cuts but when you do that you have to spend more money to pay severances, bonuses, sick time, etc... out to the laid off employees. Instead make a massive culture shift that doesn't change the jobs of the people but how they are used to doing their work and make them quit on their own. When people leave voluntarily, no severances have to be paid.
If people quit, Yahoo! and Best Buy trim down without trimming down, and a year or two from now they 'reintroduce' remote working and not have to re-hire to backfill. Money saved, processes streamlined, company lives on for a few more days.
If people don't quit, forced layoffs are coming for both of these guys anyway.
End of Line.
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