this post was submitted on 28 Feb 2024
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[–] [email protected] 13 points 8 months ago (8 children)

"These charges consist of approximately $50 million to $65 million associated with office space reductions, approximately $40 million to $55 million related to employee severance and employee-related costs, and $35 million to $45 million in costs associated with licensor commitments," reads the filing.

The severance I get, but why is closing offices costing them so much. And what are “ licensor commitments?”

[–] FlorianSimon 3 points 8 months ago (2 children)

Maybe because they're selling property at a loss? I don't actually know, just guessing

[–] [email protected] 6 points 8 months ago* (last edited 8 months ago) (1 children)

Yeah, that could be. No one wants office buildings because so many people are remote now. Office buildings are the cheapest they’ve been in decades.

[–] [email protected] 4 points 8 months ago

Good, use them for something worthwhile.

It is dystopian really the nature of shuffling hundreds or thousands of people to a building, into a cubicle, in front of a computer for 8 hours a day.

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