htss2013
Joined 13 years ago
Joined 13 years ago
It's pretty black and white - either the landlord asked a price in line with local wages or they didn't. If they go too far,the landlord gets punished with expensive vacancies, or they loosen rent/income requirements and get punished with even more expensive evictions.
Point is, landlords aren't gangsters who can demand whatever number they pull out of their arses. They have to keep rent a reasonable ratio of local wages or they feel the pain.
- They get regular death threats.
- The opposing law firms probably have PIs digging into their lives for dirt to discredit them.
- Their careers in their line of work are over and as far as I know, there's no whistle-blower retirement fund.
- Everyone they knew and worked with for many years and who still works there probably cut them off for fear of being associated with them.
- Because of all this their sleep is probably horrible, they're much more likely to have unhealthy alcohol habits, and to have financial problems.
If someone is a top performer within a highly valued part of the org, then one way or another they will be able to navigate RTO without serious problems.
For everyone else, RTO is a dial for management to fine tune voluntary attrition before having to resort to more unpleasant tools like higher PIP quotas, at a time where big tech firms all still need to cut employee costs.
Yes this is the entire point. They want to turn up both voluntary attrition or be able to fire for cause. Either way they get to lighten their employee costs which is the goal.