Major companies that have enforced stringent RTO policies are losing productivity, losing their top employees, and have underperformed the current bull market.
Be careful what you wish for. RTO is the final nail in a lot of companies coffins.
24 replies (most recent on top)
RTO mandates are being enforced because people that work from home are doing nothing more than stealing from the firm 100% of the time.
@2gxw, I'm a multimillionaire after 19 years here
Getting ready to jump ship cuz it is time
Best of luck to ya, and if the Swedish Meatball ever does leave, can you imagine the sigh of relief in Basking Ridge?
Big Party!
Its ok if all this WFH people are in the gym and selling/renting places because the new age of Verizon is thought leaders not actually working on things. Not sure who eventually works on sruff but they must be busy.
We need mentally strong and aggressive people to move forward if we are going to dig ourselves out of the hole we're in. We have to control and correct what we can. Each of us need to do what they are able the best they are able.
There is too much complaining . To much passing the buck. The best leadership in the world cannot not solve that.
@2dfr, you are weak and timid. You're clearly afraid to participate in basic human interaction. It's imperfections are not to be addressed head on, they are unsurmountable monsters to be hidden from. You possess exactly the qualities we need to free ourselves of. One of the benefits of RTO will be to remove people like you.
Good riddance. Enjoy hiding in your basement while life passes you by.
RTO brings back the old creeps who hit on the too young ladies. RTO brings back bathrooms where people forget to flush. RTO brings back the lack of productivity. RTO brings back nothing good except the jealous techs who can’t garage from home and get OT to just drive to work.
I think 2ydd+1nTfDPJt and @2twp+1nTfDPJt (probably the same person) is the agoraphobic cat lady who can't leave home because her cats need her and, who knows, a grand piano might fall on her. Better safe than sorry.
RTO means hearing the CatLady discuss her felines for hours on end. Every time a new person comes into the small work pod, she starts over again.
There should be a CatLady in every 50 or so desks for maximum effect.
Work at office - walk around, eating, chatting up leaders to look good, going to the gym, chatting...no innovation. RFH - multitasking, working longer and more productive hours, seeing your kids/family, being able to get in a walk, work through lunch, getting things done...I've worked remote for 30 years - way more productive and I'll now only work for companies that offer it. Move on people away from the dinosaurs and losing companies that just want to promote the kiss a-s...rs and non-producing yes people. There is a great life outside of Vz -
Don't worry you won't have to complain about returning to the office there won't be a company to return too.
In another thread someone suggested wfh be dependent on the stock price. When it's trending up, wfh is ok. When it's trending down, everyone rtw. This seems like a good deal to me.
It may be a tangled web but the solution is black and white simple... everyone answers one question: How do you like being paid? If you like it, report to the office by mm/dd/2023. If you don't, return all VZ property by the same date. Good luck in your future endeavors.
Everyone returns. No exceptions. No favoritism.
When we're doing better, maybe we can revisit this.
Regardless of who/what's to blame we need everyone focused on fixing what they are able to and helping others do the same. Control what you can. If you're area is running perfectly, help some else. No distractions. The correct environment for this is the office, not home.
People are more effective in the office, but not when an office is toxic like VZ's was. In an effort to save money, they squashed everyone together and called it 'being collaborative' until the Wu Flu hit and ki-led a couple of employees in BR and elsewhere.
This short-sightedness to save on real estate costs led to the most inefficient use of real estate assets and expenses for the past three years. Now everyone has had a taste of the honey of working from home and saving on commutes in time, cost, and agony. To raise an old question following all of the farm boys called up for World War I once they returned home after the war: "How do you keep them down on the farm once they've seen Paris? This has even had an impact on businesses that relied on VZ people frequenting their establishments.
"Oh what a tangled web we weave..."
It is a double edge sword - you have those employees who take the job seriously and work work diligetly at home -- however -- here in Alpharetta I know of 3 people who became realtors and who are our renting and selling real estate when they are suppose to be "working from home" . I am confident in saying these are not isolated cases - additionally, I have clled my supervisor mid morning and mod afternoon and its obvious he is in a gym working out as you can hear the "gym noises" in the back ground. Is this something a director should be doing in the middle of the day. VZ needs to continue to clean out the dead wood.
All this RTO chatter. Has anyone got any concrete information. Agreed, other companies are requiring RTO, but is Verizon doing the same, or is it still speculation?
Do you really think the average Investor researches RTO policies as part of their investing strategy? It's about results, not policies. Working from the office produces results
@1ukd+1nTfDPJt You say a lot of words but you don't make a lot of sense. I wouldn't invest in any company that is forcing their best to come back to the office. It's nothing but bad news for them and bad news for their stock.
This is a nonsense proposition and post.
Employees in Corporate America (and elsewhere) have worked effectively in the office for the last 150+ years. To suggest people can't productively return to the office if and when required by their employer is patently untrue.
What's really being said here is I'm too lazy to get up on time to drive to the office, I'd rather not get dressed for work and I'm unwilling to put in a full effort for my paycheck.
I've seen numerous people get laid off for getting too comfortable at home and too deluted into thinking they can dictate the terms of their physical place of employment. In fact, this just happened to a guy I went to school with who's now shockingly unemployed at 59 & 3/4 because he started scr*wing off at home when he was expected to come in for meetings. His employer Samsung called his bluff.
They don't refer to it as work for no reason. "Buck up buttercup!"
T-mobile is making Verizon look ridiculous and quickly picking up ground. What do you think their office policy is? Hint they were pushing for RTO as soon as vaccines were available.
There were many of us before the pandemic that were WFH and were required to produce and we still produce. I will agree that there is abuse and many cannot be found. Plenty of times you slack people and they are nowhere to be found and do not respond for hours if at all. These were the same individuals that hung out by the coffee machine or Starbucks in BR then actually sitting at their desks working. RTO will not stop the abuse.
Most of Verizon doesn’t do anything but move their mouse around on Mondays and Fridays. The rest of the week they are on late and off early while walking their dogs, doing their laundry, remodeling their house, mowing their lawn, taking naps, and cooking dinner in between small bouts of ‘work’. RTO is the only way productivity will actually increase at all. Do you honestly think companies like salesforce and meta who were initially big proponents of fully remote work and are now making a complete 180 on their policy are doing so because they are seeing better productivity and creativity while remote? Not to mention the institutional investors factor. They are all coming back to the office 3-5 days per week currently and eventually will all be back to 5. Do you think they’ll continue to invest in companies with their workforce sitting home watching tv? See Verizon’s two largest share holders (vanguard group and black rock) and their in office policies. Unfortunately, to be successful long term, RTO is essential.
I feel the people who are most likely to leave instead of returning to the office are the ones VZ really needs. Alot of exceptions and team to team or even same team issues as some are forced to return and some not.
That sounds like a controlled re-org under the guise of RTO mandates.
Most companies, yes it’s bad. But Verizon needs to trim the fat. Those that don’t come in will make it easy for Verizon to get rid of you.
RTO is coming to Verizon in September. Like AT&T, it will be used to cull people off payroll, similar to a RIF. You heard it here first.