505
Amazon CEO tells staff to work in office three days a week or look for another job
(www.theguardian.com)
this post was submitted on 29 Aug 2023
505 points (98.8% liked)
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sigh
CEOs, I can assure you that the people who aren’t doing work from home aren’t doing any more work in person.
And what really sucks is this just the beginning. Soon enough, they’ll all demand everybody work in-person 5 days a week for the same supposed reasons.
The work-supervision to prevent slackers thing is only part of the problem, and pretty small.
The biggest issue is the huge amount of money these companies pay for real estate, and how much the commercial real estate market means to the overall economy.
All of this is just sabre-rattling in an attempt to return to the pre-covid status quo, while these companies will soon be shedding their corporate office spaces to reduce their operating costs.
Yeah I think this is the main driver here. Real estate prices will plummet as they sell these spaces and it will reverberate throughout the economy