It has nothing to do with profits. It’s more profitable to have everyone work from home. Upper managers and executives simply prefer having everyone in the office because they like it. It’s their preference.
Whilst it wouldn’t surprise me at all if this was the case, I’ve seen similar things at other companies, it’s a completely brain-dead strategy. The people who leave are the most qualified and capable employees who can easily find a job elsewhere and you’re just left with all the people who the company swept up in the boom period where they were hiring anyone with a pulse.
What an absolute joke. Just let people work from home, you absolute dinosaurs.
But then you can’t siphon off 99$ a night from them!
Come on, everyone! We gotta get those profits up!
It has nothing to do with profits. It’s more profitable to have everyone work from home. Upper managers and executives simply prefer having everyone in the office because they like it. It’s their preference.
They couldn’t make it any more obvious that this is a carrot for the real estate investors
It’s not though. None of this back-to-office stuff is for real estate.
Uhh, yes it is? I mean, if you take a look at how much real estate San Francisco has just in its downtown area that should tell you something.
Can we please think of the billionaires? What are they gonna do when their office buildings are empty? They need their property value! /s
They want to force attrition. They over hired and need to reduce headcount but they don’t want the negative press of laying more people off.
Whilst it wouldn’t surprise me at all if this was the case, I’ve seen similar things at other companies, it’s a completely brain-dead strategy. The people who leave are the most qualified and capable employees who can easily find a job elsewhere and you’re just left with all the people who the company swept up in the boom period where they were hiring anyone with a pulse.