This is not my post but I thought it was relevant to BAC...
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It's a part of a bigger shift to hire younger folks with lower salary requirements.
Here is how the scam works (many companies are doing this):
- Create a hub 'only' model
- Put hubs in urban areas where nobody with a kids would want to live
- Put hubs in areas with high student concentration (close to colleges)
- Discontinue telecommuting
- Wave old-timers goodbye - no severance as they quit on their own
- Welcome new, fresh from college, hires
- Watch new hires, grow old and leave on their own once they want to form a family
- Voila! Mission accomplished...
Just go and please see what IBM, Bank of America, State Farm and others are doing right now - this is a massive trend in the Fortune 100 world and will be spreading to other areas of the economy too. It s---s but they did find a loophole to avoid being punished for #AgeDiscrimination, #H1B abuse, #NoTelecommuting, etc... So, in short - that was the plan to ki-l #Telecommuting
SOURCE: Post ID: @gqm+X4sKEmX