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a16z Podcast

Inside the 2023 Talent Tsunami: Layoffs, Remote Work & More

a16z Podcast

a16z

Science, Innovation, Business, Entrepreneurship, Culture, Disruption, Software Eating The World, Technology

4.41.1K Ratings

🗓️ 6 July 2023

⏱️ 43 minutes

🧾️ Download transcript

Summary

Remote work is a big, divisive topic right now. Some think it’s the future, while others think it was an experiment gone wrong. But it’s also not the only way to attract top talent. And the equation for doing so has only gotten more confusion as a myriad of trends intersect, from layoffs to emerging technologies like AI. So how can companies navigate this storm and truly attract the talent that matters? Listen in to find out.

Transcript

Click on a timestamp to play from that location

0:00.0

There's not a lot of increase around why should people come and return back to work.

0:05.0

And is it return to work or return to office?

0:08.0

If it's 47% that wants something, 53% have not listed that as something very significant.

0:14.0

We're probably at the point now

0:15.0

where we need to bring in the nuance.

0:17.0

Organizations that can be transparent to say that's just not something we can provide

0:20.0

may actually even retain their critical talent a little bit longer.

0:24.0

They're effectively paying for people to be on site even though it's more expensive for

0:29.5

them to have people on site a lot of times. I'll just say two words, Elon Musk. The word top talent by the way is also

0:38.0

subjective. Remote work is a big divisive topic right now.

0:44.3

In fact, some people think it's the future,

0:46.6

while others say that the pivot to full-blown remote work

0:50.7

was, quote, one of the tech industries worst mistakes. How can so many smart people have

0:57.2

such different opinions on this topic? Well remote work is actually just one of the many facets that come into play when you're trying to attract top talent.

1:08.0

And quite frankly, that equation has only gotten more confusing as several trends intersect, whether it be layoffs or emerging technologies like AI.

1:18.7

So how can companies navigate this

1:25.0

and truly attract talent that really matters.

1:24.0

And as they try to do this and they make changes to company policies,

1:28.0

how can they tell if they're actually moving in the right direction?

1:32.0

Let's just use a simple example. Let's say a company

1:35.4

changes the policy and several people leave. Now is that unwanted attrition or

1:40.3

is that the company culture becoming more aligned?

...

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