They Refused to Go Back to the Office, Now They’re Out of a Job

WSJ Your Money Briefing

The Wall Street Journal

Business News, News

4.1 • 1.7K Ratings

🗓️ 17 December 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

After years of lax enforcement, more companies are cracking down on return-to-office mandates. Wall Street Journal “On the Clock” columnist Callum Borchers joins host J.R. Whalen to discuss the shift toward stricter policies and what it means for workers. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	exchanges the Goldman Sachs podcast featuring exchanges on the forces driving the markets and the economy exchanges between the leading minds at Goldman Sachs new episodes every week listen now
0:14.1	here's your money briefing for Tuesday, December 17th.
0:20.9	I'm J.R. Whalen for the Wall Street Journal.
0:26.4	After several years of lax enforcement, companies are getting strict about employees returning
0:31.4	to the office.
0:32.6	What we're seeing more often right now is companies saying this is the required number of
0:36.7	days. And if you are not willing
0:38.1	to meet that, either because you've relocated or you just don't feel like you can meet the
0:43.4	requirement even if you're local, we'll offer you some kind of buyout severance package.
0:48.2	We'll talk to WSJ on the clock columnist Callum Borshers after the break.
1:10.2	Music columnist Callum Borshers. After the break. AI is coming to your industry if it isn't already here, but AI needs lots of speed and computing power.
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1:49.2	Thank you. 24. See if your company qualifies at oracle.com slash Wall Street. More companies are telling workers the days of work from home and hybrid work schedules are over.
1:55.9	Wall Street Journal columnist Callum Borschers joins me.
1:59.0	Callum, does this mean the pendulum of power is now firmly
2:02.2	on the side of companies? Well, bosses seem to think so. It's funny, I had a conversation with
2:06.6	Dan Kaplan, who's a senior client partner at the consulting firm, Corrin Ferry, and he said, yeah,
2:11.1	I mean, behind closed doors, what he hears from CEOs is, I'm tired of the whining about having to go back to the office. You know, we've compromised enough for years.
	...

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