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by jonathankoren
1127 days ago
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It's sunk cost fallacy -- especially at the FAANGs. These companies spent billions on monuments to the company's greatness. These buildings, MPK 20 & 22, The Donut, Amazon HQ2, the Circus Tents, aren't just unsellable from the psychological sense, they're unsellable in a practical sense. The number of companies that need/want 2.8 million ft2 (262,000 m2) of nigh-undivided office space can be counted on one hand -- and all of these already have their own white elephant. Mix in monkey-see-monkey-do management of smaller firms, and of course straight up class antagonism towards workers, and you've got RTO über alles. |
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I partially disagree: if necessary, rent out various parts of this office space to multiple companies.