My company (a 'FinTech' of about 1500 employees) was allowing staff to work from home 2 days per week. Yesterday out of nowhere the CEO emailed everyone saying this is over, back to 5 days in the office, no exception, from next week. The email was super cold, just a few weeks after cutting down everyone's yearly bonus by 50% due to lower profits (lots of company investments over the past 12 months but income was actually up…).
I was already planning on leaving because of the lack of flexibility, but I can already sense the pure chaos which will result from this poor choice from management. My estimate is that roughly 50 to 60% of the company will leave, as the money and flexibility is better with our industry competitors.
Did this happen to any of you at your job? What was the outcome for the company?