PayPal Former CEO Peter Thiel Criticizes Work From Home Model, Says Employees Are Not Productive When They Do Not Come to Office: Reports
According to reports, former PayPal CEO Peter Thiel criticized the work-from-home model, stating that employees were not productive when they did not come to the office.
Mumbai, December 19:슬롯 머신 사이트 추천Peter Thiel, co-founder of Paypal, has reportedly stated the tech layoffs and work-from-home model. He said the people who슬롯 머신 사이트 추천did not come to the office were not working. Thiel슬롯 머신 사이트 추천shared his opinion that슬롯 머신 사이트 추천remote work was ineffective슬롯 머신 사이트 추천during the Covid-19 pandemic and allowed the workers to leverage their "influence to demand flexibility". This year, many슬롯 머신 사이트 추천tech companies have슬롯 머신 사이트 추천strongly reinstated the work from the office system through mandates슬롯 머신 사이트 추천and asked workers to comply with the new policy.
According to reports, Paypal co-founder Peter Thiel said that "worker powers"슬롯 머신 사이트 추천allowed them to insist not to work during that time. However, later, companies assessed and discovered that the WFH model was ineffective as it revealed a lack of슬롯 머신 사이트 추천productivity among selected employees.슬롯 머신 사이트 추천According to Peter Thiel, the tech companies realised this two years after the pandemic hit.슬롯 머신 사이트 추천News Nation Layoffs: Hindi News Channel Cuts Workforce in Editorial, Output, Input and Other Departments Amid Cost-Cutting Measures, Says Report.
Thiel said that after years, the companies fired a bunch of these unproductive people and reasserted control. He said, "...because you realise, wow, there were all these people we hired, and they're not working." He said it did not matter, and the companies got rid of them.
The reports said that슬롯 머신 사이트 추천between 2022 and 2023, several tech layoffs were슬롯 머신 사이트 추천announced by the companies슬롯 머신 사이트 추천leading the industry. This included Meta, Google, Amazon, and others who came to now that the workers were not productive once the effects of COVID-19 diminished. The layoffs, when announced, were said to be implemented due to several reasons.
Paypal's슬롯 머신 사이트 추천Peter Thiel explained that the large-scale job cuts during 2022 and 2023 were announced as the tech giants realised the dispensability of certain remote슬롯 머신 사이트 추천roles. The슬롯 머신 사이트 추천tech layoffs were announced amid a decline in remote work and perceived low productivity by the companies. Thiel said that the roles that did not significantly impact the companies' operations were eliminated.슬롯 머신 사이트 추천Google Layoffs Coming on New Year 2025? Tech Giant Likely To Terminate Low-Performing Employees in January, Say Reports.
Amazon's five-day mandate was recently announced, leading to슬롯 머신 사이트 추천criticism슬롯 머신 사이트 추천among the employees and panic슬롯 머신 사이트 추천among some, fearing that슬롯 머신 사이트 추천they would lose슬롯 머신 사이트 추천their jobs. Amazon said that슬롯 머신 사이트 추천2025슬롯 머신 사이트 추천will be the official end of remote work and the beginning of work슬롯 머신 사이트 추천from the office. Joining the e-commerce giant were Meta and Google, who also슬롯 머신 사이트 추천announced the return to the office and introduced new policies.슬롯 머신 사이트 추천Some employees슬롯 머신 사이트 추천see these new changes as a positive sign, as the companies said they did to preserve their culture and improve performance, while others슬롯 머신 사이트 추천find it hard to슬롯 머신 사이트 추천adjust to the슬롯 머신 사이트 추천WFO model.
(The above story first appeared on LatestLY on Dec 19, 2024 12:21 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).