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Amazon tells managers they can now fire employees who won't come into the office 3 times a week
(www.businessinsider.com)
this post was submitted on 20 Oct 2023
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A lot of companies have long-term contracts for these office spaces that they can't get out of, so whether or not their workers are using the space, they have to pay for it. They should really just write it off as a loss, but I'm not too familiar with how that works. Maybe they can't.
They do write it off. The real estate theory of RTO doesn't hold water.
Yeah, that’s kind of what I was getting at with the “sunk cost” thing. “We’re stuck paying for it, so we should use it.”
Even if using it make people less productive, make recruiting harder, and forces tech companies to pay expensive regional Silicon Valley salaries.