Thousands of IBM employees who have worked remotely for their entire careers have been given ninety days to sell their homes and move to one of six “collaborative” cities. IBM will pay their moving expenses, but it will not cover the costs of moving to some of the hottest real estate markets in North America.
Very few of these IBMers earn more than $100,000 a year, but they have just ninety days to cash out and move to places where the average home costs between $315k and $1.5m. If they have families, then chances are that they are one half of a double-income couple. After all, that’s the only way anybody can afford to have children now. So Ms. Peluso’s arrogant decree doesn’t just turn thousands of homeowners into renters or house-poor bubble-mortgage slaves; it also forces thousands of people to quit their jobs and start over somewhere else.
The irony here is that IBM has pioneered multiple studies showing that remote workers are happier, more productive, and less expensive than their “agile workspace” counterparts. But Ms. Peluso is not going to let the facts interfere with her emotions. After all, she works in New York, and it’s no trouble for her. Why shouldn’t everybody have to come work with her? Why wouldn’t people want to move to the most exciting cities? Why wouldn’t they want to spend an extra three hours a day commuting to jobs where the first person to leave the office every day will be nonchalantly added to the top of next quarter’s layoff list?
I doubt she has entertained the slightest whiff of a notion that people who don’t earn several million dollars per year might have trouble making a ninety-day relocation to places where a family-sized apartment rents for $10k a month. She almost certainly has not thought about what an extra three hours of day worth of commuting means to the families and children of her employees. Like most C-suite types, she considers the eighty hours a week that she spends on private jets, in limousines, and at multi-billion-dollar resort facilities to be “work.” Surely everybody below her should be required to put in the same hours — and what difference does it make if they start and finish those hours driving a clapped-out Corolla ninety minutes in each direction from the only places they can afford a balloon mortgage?
Let them work in the best spaces! Holy shit, that’s worse than Let them eat cake.