The real reason of RTO is starting to crack
I hope these CEOs’ poor decisions are called out and punished for it. Whichever companies last to unload their office real estate are screwed. https://www.marketwatch.com/story/google-parent-alphabet-took-a-1-2-billion-hit-to-exit-office-space-news-that-flew-under-the-radar-in-a-hectic-week-says-barclays-63bd07e9
MarketWatch
Google has laid off thousands, and they’re just getting started. They don’t need as much office space anymore. You’re projecting.
If they had faith in their real estate investments, then they would’ve kept it whether they needed or not. They’ve been hoarding large amounts of empty offices for years. Clearly they don’t believe the value would even hold.
Hard for me to tell but I read the 1.2 billion dollar hit as them probably paying early lease termination fees, and not real estate that they owned outright. Was this real estate the company owned outright? And the hit was selling at a loss?
> “Starting to crack” Bro, they can require RTO if they want. In this environment they’re probably okay with the attrition anyway.
OP is a WFH simp who is still coping. Wake up , Covid is no more.
Easy blackrock, we know you’re bitter
I have personally no skin in this game and have a neutral view on the RTO vs WFH conversation. Each option is good for some. But the reality most companies have some version of RTO. The 100% WFH companies exist but they are small minority.
TLDR ?
You can’t even read the article title as TLDR?
You already read it, OP. Just share the tl;dr bro