this post was submitted on 04 Sep 2023
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America's return-to-office has been a "lagging return," reports the Washington Post: Even with millions of workers across the country being asked to return to their cubicles, office occupancy has been relatively static for the past year. The country's top 10 metropolitan areas averaged 47.2 percent...

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[–] [email protected] 7 points 1 year ago (2 children)

It’s no doubt to justify all the money they poured into real estate and buildings. If people don’t come back then they have all these liabilities to deal with

[–] [email protected] 2 points 1 year ago

Lots of companies have sold their real estate, and the ones that lease…. Leasing a whole building is a big item on a budget, you can do a lot better by just not using it if you don’t need it

[–] [email protected] 2 points 1 year ago

I agree. Mine luckily has no real estate holdings and they have pretty much shut down all the us offices. Even the main one but they said they are looking for a smaller replacement. So they are pretty much just going to keep one in the states for smoozing clients and such.