this post was submitted on 20 Oct 2023
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410
Amazon tells managers they can now fire employees who won't come into the office 3 times a week (www.businessinsider.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Amazon tells managers they can now fire employees who won't come into the office 3 times a week::Amazon shared new guidelines that give managers a template for terminating employees over RTO.

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[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

I think you have the right idea but came to the wrong conclusion. Why would anyone buy office space if there is no value in employees coming to the office? Hint: they wouldn't.

Edited to add: these properties may become a liability on their books which would impact their ability to apply for or pay for loans, as well as other negatives for the company.

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

No company likes to have liabilities on the books, but to think that they would force an RTO for that reason alone doesn't pass the smell check. It's a more economical option to write off the loss and try your best to sublease the space, or attempt to get out of your lease early. That way, you're no longer stuck with the costs once it's done, and can make more money long-term.

We can also observe this happening in the real world: https://www.cnbc.com/2023/10/20/dropbox-hands-over-25percent-of-san-francisco-headquarters-back-to-landlord-.html

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

I doubt it's just a singular reason they are forcing return to office.

It's likely property value, micro managing , reducing head count and so on all play a role in jt