this post was submitted on 23 Aug 2023
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Leaked Zoom all-hands: CEO says employees must return to offices because they can't be as innovative or get to know each other on Zoom (www.businessinsider.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Leaked Zoom all-hands: CEO says employees must return to offices because they can't be as innovative or get to know each other on Zoom::Zoom CEO Eric Yuan discussed the benefits of in-person work in a leaked meeting.

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[–] eestileib@lemmy.blahaj.zone 5 points 1 year ago (1 children)

the executives locked themselves into expensive long term leases for their offices and don't want to feel embarrassed that it's a wasted cost.

This is exactly what happened at Alphabet.

[–] 5BC2E7@lemmy.world 0 points 1 year ago (1 children)

That’s false. They were not locked. They publicly announced they paid the fines to end those leases early. I think people are just sharing feelings and not facts here.

[–] geophysicist@discuss.tchncs.de 1 points 1 year ago (1 children)

If they paid fines to cancel, then they were locked in. But they were sensible enough to not fall for sunken cost fallacy and formed up the extra money for the fines to break the lease. Most companies aren't so forward thinking.

[–] 5BC2E7@lemmy.world 0 points 1 year ago

That’s a semantic distinction that makes no difference for their incentives. They are not feeling any pressure that affects their decision making in this regard anymore. That was the original argument.