I do think that “remote work” is the new “satellite office”. If you’re a walk street bank, why open a NJ office for low-importance work when you could just hire remotely.
But I’m not convinced there is a willingness to return to office. Snap, the company in question, isn’t in good shape. Can they attract enough talent willing to be in office?
I vaguely agree that “for smaller companies, I think in person has a lot of value to move fast and build a deeply connected culture”. But the issue seems to be with getting any big corp back.
If you pay enough, people will move to you. We’ve seen that across all of human history. But can you pay more than remote companies? Do you gain enough productivity to offset the cost (either salary or missed talent)? If you hire a mixed team, you hired a remote team.
Is "He" Sam Altman, or is "he" ReflectedImage"?
Startup A, paying for an office lease, recruiting talent willing to live near the office.
Startup B, saving thousands of dollars not having to pay an office lease, is able to recruit talent from around the world and with the overhead savings can pay for better talent and/or a larger labor pool.
It's pretty obvious here that startup B is set up a lot better for success and has a head and shoulders advantage over startup A. This is not even considering the massive environmental costs from commuting and building an office building. The only reason to go for a model like startup A is if you 1, don't care about the environmental costs, and 2, believe in the hooey about "in person synergy" and value that more than just paying for more experience or more people.
US unemployment is at historical lows, some people really lose sight of the bigger picture and get caught up in news headlines.
In my country everywhere is clamouring for workers.
https://tradingeconomics.com/united-states/unemployment-rate
Over time the companies that force in-person work will find it much more difficult to hire and retain talent vs those that optimize for a remote first workforce.
I mean the efficiency gain in broadening hiring pool, not having to do relo packages, smaller office footprint, cost of commuting, lower comp/higher QoL are just far too great.
Nobody wants to be trapped in the bay area and forced to pay $2m for a house an hour away from their office. They largely did it begrudgingly (myself included)