The move comes as staff are bracing for big job cuts. The company said it would cut 3.5%, or hundreds of employees, CNBC reported, as it looks to deliver on a promised $2 billion in cost savings. Ellison said the return would start in January with employees based in Los Angeles and New York. Starting this month, severance would be offered to those - at levels of VP and below - who can't or don't want to return full time, with some limited exceptions.
One of Australia's largest banks has made it clear to employees that not coming into the office will have consequences. In an internal memo on Thursday, ANZ Group said employees' salaries will be cut if they are not in the office for at least half the working week. Bloomberg first reported the memo. A spokesperson for ANZ confirmed the contents of the memo to Business Insider.
In an internal memo on Thursday, ANZ Group said employees' salaries will be cut if they are not in the office for at least half the working week. A spokesperson for ANZ confirmed the contents of the memo to Business Insider. "Our hybrid working expectation has been made clear to our employees, including potential impact on future remuneration if employees don't have an appropriate exception," an ANZ spokesperson said. They added that the flexible working policy has existed for a number of years.
AT&T CEO John Stankey recently sent a headline-making memo to employees, doubling down on the organization's return to office (RTO) policy and highlighting a transition away from a "familial" employer-employee relationship rooted in loyalty and tenure toward a culture of performance metrics and contribution. The memo also acknowledged a drop in overall employee engagement, despite a high percentage of workers who said they felt committed to their work. This memo brings up two important points leaders must consider.
I understand this creates real challenges for many, and those concerns are valid. At the same time, this directive comes from the governor's office as part of broader policy decisions about how state government operates.
"If a self-directed, virtual, or hybrid work schedule is essential for you to manage your career aspirations and life challenges, you will have a difficult time aligning your priorities with those of the company and the culture we aim to establish."
CEO Brian Niccol emphasized the importance of in-person collaboration, stating, "We are reestablishing our in-office culture because we do our best work when we're together. We share ideas more effectively, creatively solve hard problems, and move much faster."
Starbucks ended its remote work policy for corporate headquarters staff in 2023, drawing criticism for granting its new CEO a remote work arrangement during a time where in-office expectations are growing.