Employer of Record Updates

What's inside:

The Markets

Employer of Record News Roundup

  • #28 on CNBC’s Disruptor 50 Companies

  • Partnered with Carta to make equity management simpler for users

  • Attained SOC 2 Type II Compliance

  • Removed years of experience as a requirement from its job postings 

Return to Office

Walmart’s RTO

“We believe that being together, in person, makes us better.”

These is a direct quote from Walmart Chief People Officer, Donna Morris, in a memo she released related to to the move back to the office. It’ also the last thing any remote worker wants to hear from their CPO.

Last week, Walmart announced they are cutting hundreds of jobs and are asking those who have retained their jobs to move from smaller Walmart offices such as Dallas, Atlanta, and Toronto, to a major Walmart corporate hub in Bentonville, Hoboken, or Northern California. Walmart is only the latest major US employer to make the headlines with its return to office mandate.

Like Michael Dell and his 2022 post on culture and hybrid work, Walmart Global Tech Chief Technology Officer, Suresh Kumar, wrote in a 2021 LinkedIn post praising the prospect of working remotely even post pandemic.

In their most recent earnings call, Walmart CEO said that “being in person is important. Our culture is stronger when we're together. We make decisions faster, we're more creative, and we help develop the next generation of talent.”

While it’s possible that Walmart executives really believe that employees do better in person, it’s been thrown out there that this is more of a quiet layoff strategy.

I can’t help but try to hypothesize as to what happened between 2020-2022 and now that would make pretty much all execs of the major US employers do a total 180 on remote work especially when it’s clear that in office work 5 days per week is not what employees are generally looking for.

Strategic quick hits