Anyone who does not understand the sunk cost fallacy should not be in management.
You’ve spent $x on office space. You can:
A. Use it, and make your employees hate working for you or
B. Let it go unused, and your employees are happier to continue working for you.
The money is spent either way. The only difference is morale, which does in fact directly contribute to your bottom line.
C. Get rid of what you don’t need so that everyone is happy
When you are locked in to a 3/5/10 year lease for the space, that’s not actually an option. Most leases signed pre covid should be up by now but clueless management probably renewed anyways.
And the really big corporations own their buildings. You think the company locked into leases are mad? The companies who own the building are pissed! Some have a multi million dollar building that’s losing value faster than the speed of light.
Good. Turn that shit into housing.
No shit. But this is America… You already know that proposition is dead on arrival.
Nihilism is cool and all, but smart thoughtful people are working really hard on this and it’s not easy - unless you create windowless tenements with no plumbing.
You mean sell it for money and actually make more profit while everyone is happy? Preposterous!
It’s nice to find the rant in your head written out. A previous employer of mine dropped two properties in favor of a store front.
Or c, keep just enough office space to create rolling “layoffs” as people are asked to return to the office.
Step 1: Hire staff
Step 2: Train staff to do job
Step 3: COVID! Oh no! Everyone work from home.
Step 4: ???
Step 5: Fire staff to save money.
Step 6: Profit.
I thought it was because they couldn’t make friends & wanted to force people to be around them.
That’s so, so stupid… They really are the dumbest of morons. They lost money, so they waste even more money and make their best workers flee.
We don’t even have the office space anymore for full RTO. If at some day too many people would go into the office some wouldn’t have desks to work on…
Same here. A smart CEO wouldn’t force RTO, they would lease out that unused space or expand using those unused desks.
Sell the desks, save money on the office, utilities, and office supplies?
That would require an admission of fault for the last year of these attacks on WFH. No no we don’t do that here
Or, even WORSE: Give up their hatred of poor people in order to save money.
At least one in three bosses are shitty bosses. If their responsibility is to the company and the shareholders, telecommuting saves a ton of time and money.
Also, for those companies that love to position themselves as “green”, commuting is a horrendous waste of resources and a cause of pollution. My company preaches about how important it is to lower your carbon footprint, then institutes policies that increase carbon footprints by the tens of thousands and don’t even blink.
Worked at Boeing, where you have 1990’s cubicles with 17" 3:4 monitors. I’m glad to he back in the office.