this post was submitted on 09 May 2024
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Technology
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Companies have heavy commercial real estate bags. They are justifying their investments by forcing RTO
I genuinely refuse to believe that it is more profitable for them to pay for AC, water and electricity that RTO would require. There has to be something else I am missing. Is it all just managers justifying their stupid decisions to other managers?
Part of it is management that can't handle their duties if they can't walk over and intimidate workers. The other bit is many companies have cash reserves invested in commercial real estate instruments, and can't handle the profoilo hit. And many of those company leaders are also personally invested in that same real estate.
It's like buying a very expensive pool, even though it costs money to run and service, you already bought it and will invite people to come and swim in it to justify the purchase, even though it's a giant money sink.
You can't just give it back that's also wasting money, so what are you going to do?