Next step will be to let go of people to rehire people on a team to be in the same location. This will all be in another attempt to help push salaries down. It's stupid in my opinion and will kill productivity and velocity in the near and mid term.
I went through a round of layoffs last year from a company doing this. But not only do they still have multiple cross-continent HQs (so now they just have multiple "local" teams!), they're also struggling to re-fill some of the roles they cut. Turns out it's easier to source people with certain niche talents when you don't limit yourself to one or two metro areas.
I don't think so. They need the offshore sites to maintain the size of their empires without spending too much, and they need the Tier 1 US sites to keep the wheels on.
I agree that seems like the next step, but how will that help push salaries down? I thought remote work would do that much more, coz many employees would move to less expensive areas in the same country and new hiring would focus on lower-income countries.
This cost savings from remote work is what I expected to push adoption of remote work more, and I'm surprised by this reversed trend.