News
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It's not even about profits. If companies don't have to pay for expensive office buildings they can save money. It's all the middle management realising their jobs are are unnecessary.
True for companies that aren't locked into their pre-covid space. Some have decades-long leases, others own the buildings outright. My last place was able to walk away from a lease that they had just signed months before covid hit, and downsized to a space that just had some meeting rooms, a couple offices for execs, social space and server rooms. No need for a bunch of desks, they went 100% remote during lockdown and decided to stay that way permanently.