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The reason CEOs want workers to Return To Office is because they want you to quit
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I'm skeptical a company would take that. They want to be able to shut down contracts with employee on a whim but somehow they would engage for a 20 years in a building? If it's not a big industry I severely doubt it, and those are rarely I city centers for obvious reasons.
You're right logically.
I suspect the difference we see in reality is due to graft, bribery, money laundering and outright fraud that went into those contract negotiations.