Crazy RE - Redfin CEO Tweetstorm

Interesting info. I work for a large cap multinational real estate information company. So, you can imagine the push to get into the office is strong since that what we "sell." We have pent up turnover from the pandemic, but even so, we're still running high at about ~20% instead of ~8%. A significant part of it is a no flexibility 5 days in the office requirement. Telework is not even an option. Our corp response is simply to replace those people. We began hiring before the policy was announced to replace the expected >10% of the people we figured would want to leave. That was widely considered by managers to be a down payment on what the and number would be.



That said, there is a rumor that once we get people back in the office and we're running ~50% right now, we may see an easing of this requirement on the tech side of the house, but not the rest of the company.



I’m so glad we’re retired and don’t have to go into the office!!
 
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