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Amazon starting to track and penalize workers who work from home too much
(www.theguardian.com)
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this post was submitted on 11 Aug 2023
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Technology
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People have been hailing WFH after COVID as a lasting change. But it has always been clear that non fundamentally remote companies will never accept this as a permanent solution.
Hybrid is a really bad in between, the advantages seem marginal (more flexible remote days, less needed office space) to the disadvantages (people will still be mostly remote in meetings, commute times still a factor, work environments need to be duplicated between home and office).
The real reason they want everyone back in the office.
https://www.theatlantic.com/ideas/archive/2023/06/commercial-real-estate-crisis-empty-offices/674310/
Maybe for a small number of companies in a small number of industries, but most companies rent their office premises, even large companies.
I've worked at several multinational companies that sold their HQ buildings when they recognised that building management was not a core competence for them and tying up capital in real estate has a significant opportunity cost for them.
It's no skin off their noses if commercial real estate plummets in value - if anything, it would be in their favour as their rent would decrease.
Amazon owns a lot of their office buildings
Amazon is shitting money. They're not exactly a typical company.
The companies that do this are generally more half hearted in their push for RTO. You get some that try to claw it back but especially the big ones mostly can’t care
Yeah. It doesn't make sense that CEO's would be ruthless in slashing labor and capital costs would fall in love with commercial leasing.