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by EFreethought
996 days ago
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> remote work isn't working for us It is working out. I looked at a few financial statements for a few companies pushing RTO (Amazon and a couple of Wall Street firms). Granted, it wasn't comprehensive or scientific, but: They all made more money in 2022 than in 2019 (the last year before COVID). So I really do not see what the problem is. |
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WFH gave those damn individual contributors some agency and prevented dead weight middle management from Lumberghing. Pretty soon they start thinking they're people and having some work/life balance.
Private equity that owns companies also owns stakes in commercial real estate. If companies start breaking leases or renting less office space those private equity firms will lose money. The worst thing in the world is your economic betters losing money. How else will that money trickle down in warm little showers of gold?
A better acronym for RTO would be KYP: Know Your Place.