A lot of these companies are locked in to 5,10 or 20 year leases. If they were sensible they'd just eat the loss and take the extra productivity and happier staff, but that's not how the corporate hivemind works. They're paying rent so they have to justify it by having bums on seats, or they're bleeding money for what looks like no reason.
this post was submitted on 10 Aug 2023
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Most of them get tax breaks from the city, but only if they maintain a minimum occupancy. So they've lost their tax breaks and they want them back. As always, it comes down to money.
I think the companies were lying to us when covid started. They said working from home was awesome and we could still do our jobs well so investors wouldn't get scared. But now they want us to come back to the office and they say working from home is bad for us. They are just trying to trick us into doing what they want.
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I'll be weird and say I absolutely prefer working in-office over from home in most cases. I prefer being able to build relationships with my coworkers, ask quick questions and give quick answers, and just actually being able to talk to people.
However, I don't think everyone needs to be in the office. My line of work requires it but I think it's dumb that companies are requiring them to go in when there's no reason beyond "we rent the space so we have to use it."
Also you're correct in how the headlines changed and it's really dumb, but it's mostly about the fact that real estate owners are trying to force people to rent their spaces instead of selling them.
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Productivity was never the point of work. Increases in productivity thus was never a boon to those in charge.
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Search Bloomberg and remote lol
I will not, but I'm guessing they're all opinion pieces by people who own massive business real estate holdings (directly or through a hedge fund they run) and think "getting back to work" is good for the American spirit, or something.
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I've actually still been seeing positive news
I changed jobs during the pandemic. I asked if I could work remotely permanently, they said yes. It's in my contract I work from home, not the office. I've been watching the "sea change" as working remotely has been removed from various companies and wondering why? If all the research points to it being better, then - again - why? The speculation about it being related to real estate is depressing!