> I will die on this hill: tech firms that mandated 5 days in the office was about soft layoffs, rather than a principled stance on individual performance under WFH
“True work only happens in person with human collaboration! Everyone must come back”
2 years pass
“Oh wow we can replace everyone with a chatbot this is amazing”
narrator: It was the interest rates all along. Many of these tech businesses are fundamentally bad, the ROI is smoke and mirrors, energy shocks and bad macro-economics are coming, and investors are starting to ask hard questions.