Amazon shared new guidelines that give managers a template for terminating employees over RTO.
Amazon tells managers they can now fire employees who won’t come into the office 3 times a week::Amazon shared new guidelines that give managers a template for terminating employees over RTO.
I think you have the right idea but came to the wrong conclusion. Why would anyone buy office space if there is no value in employees coming to the office? Hint: they wouldn’t.
Edited to add: these properties may become a liability on their books which would impact their ability to apply for or pay for loans, as well as other negatives for the company.
No company likes to have liabilities on the books, but to think that they would force an RTO for that reason alone doesn’t pass the smell check. It’s a more economical option to write off the loss and try your best to sublease the space, or attempt to get out of your lease early. That way, you’re no longer stuck with the costs once it’s done, and can make more money long-term.
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I think you have the right idea but came to the wrong conclusion. Why would anyone buy office space if there is no value in employees coming to the office? Hint: they wouldn’t.
Edited to add: these properties may become a liability on their books which would impact their ability to apply for or pay for loans, as well as other negatives for the company.
No company likes to have liabilities on the books, but to think that they would force an RTO for that reason alone doesn’t pass the smell check. It’s a more economical option to write off the loss and try your best to sublease the space, or attempt to get out of your lease early. That way, you’re no longer stuck with the costs once it’s done, and can make more money long-term.
We can also observe this happening in the real world: https://www.cnbc.com/2023/10/20/dropbox-hands-over-25percent-of-san-francisco-headquarters-back-to-landlord-.html
I doubt it’s just a singular reason they are forcing return to office.
It’s likely property value, micro managing , reducing head count and so on all play a role in jt
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I am not saying they are whole valid reasons. I am just giving examples of some of the reasons they might want people back in.
I love remote work and hope I can stay in it