Rescission - That Job Offer Has Been Snatched Back, Don't Expect to Get Out of Your Lease

 Yes, "recission" is catching on in tech. That's the cost-cutting strategy by tech corporations, ranging from Meta to Twitter to Coinbase, of snatching back a job offer. That's done before the professional starts the job.

As Axios analyzes, that's mostly confined to teach and to high-paying jobs.

But, as we experienced during The Great Depression, it could become commonplace. Back then the media reported the horror stories of new JD graduates who assumed they had a job, turned down other offers, and of course stopped looking for work and then were told, hey, don't report in as a first-year associate. There will be no job.

At the time the compensation wasn't nosebleed like the current $215k. So, no, those weren't high-paid jobs. Also, the new JDs would soon have to start paying off their student loans. Back then the average nut had been $700. Many had to scramble for survival jobs, mostly outside of the legal sector. 

So, it's not unthinkable that recission could become a best business practice beyond tech.

So here we are.

What's going on is that the snatched-back job offer is resulting in professionals being locked into leases. Try to get out of a lease? It isn't happening currently since power has shifted to landlords. It had been that for a reasonable penalty fee we could move on. No more. 

This blog wishes success to those hunting for work.

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. She helps businesses conjure up magic in their storytelling. One client said, "She makes shipping containers ‘sexy.’"

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