"Employees may think quitting in response to their company's RTO mandate is a solid retaliatory reaction to their bosses, but it may actually be just what companies need. Rather than trimming down headcounts by enforcing layoffs, business leaders from across the U.S. told the Federal Reserve Beige Book they're hoping that upping their in-person requirements will do the job. The Fed Beige Book report, published eight times a year, summarizes current economic conditions across the 12 Federal Reserve Districts."
"Meanwhile, more than half of Fortune 100 desk workers already have workplaces with fully in-office policies, according to new data from real estate company Jones Lang LaSalle. Just yesterday, tech giant Microsoft said its employees will be required to go back into the office 3 days per week. Though Microsoft has had rounds of letting people go this year, Amy Coleman, Executive Vice President and Chief People Officer, assured employees in a memo yesterday "this update is not about reducing headcount," and instead is "about working together in a way that enables us to meet our customers' needs.""
Companies across the U.S. are increasing in-person work requirements to prompt voluntary attrition rather than conduct layoffs. Business leaders told Federal Reserve Beige Book contacts they expect tighter return-to-office mandates to reduce headcounts. A survey of 849 managers found three in ten companies plan five-day in-office requirements by year end. Jones Lang LaSalle data show more than half of Fortune 100 desk workers face fully in-office policies. Microsoft announced a three-day office requirement and said the change is not about reducing headcount but about enabling collaboration to meet customer needs. Many workers say they would likely leave if remote work ends.
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