Why the fuck would any office worker whose job is 100% on a computer need to be in an office? I don’t understand why companies want to pay for all of that electricity and real estate just to make people sit in cubicles.
Especially in sales and finance: every call is potentially on the record, and that’s a problem.
A lot of internal communication in these departments is, to put it mildly, legally not without interest. A quick chat after a meeting is completely off the record, an email is not.
I’ll go out on a little limb, it might be sales specific. My company is 100% work from home. All the engineers and product and design work remote, maybe come into the office once a week just because.
The sales team however is strongly encouraged to come in as much as possible. I think it’s a morale thing. Sales teams become these weird cults, maybe necessarily. It’s really hard to pick up the phone and make a call when you’ve been rejected 5 times in a row. The teams little ceremonies are designed to help push through that.
I’ve been screaming its just wage theft. My city provides tax breaks for occupancy (employees prop up the local economy buying lunch). They are making me pay for gas, time, and car maintenance (and lunch but fuck them, I’ll just not eat) for this tax break which goes to C-level bonuses/shareholders. Its just another way of skimming off the top of employee wages.
We worked fully remote for nearly 2 years and the hybrid policy just keeps getting worse and worse. Coupled with quarterly riffs, I also suspect this is to avoid severance pay/unemployment while accelerating the down sizing. Yet our CEO bonus keeps going up and up despite our stock plummeting since the end of COVID lock downs.
Why should they care though? It’s not like commercial real estate sells more computers. Staff still needs desktops, infrastructure still needs datacenters.
That’s because you don’t know about how CRE funding works.
Large chunk of CRE runs on short term fixed rate debt, which requires refis. Next big cycle is starting about now and will go through 2026.
So feds lowered interest rate sum, and corpos are pushing us into the office to soften the blow from CRE operators and their creditors.
With that being said, low quality class C office space is in default, no way around it.
Shiti suburban trash offices also will die along with the shiti malls.
However, the return to office policy is specifically to bail out class A and B office towers in the major cities, ie the VIP CRE owned by the real owners and not bagholders
Why the fuck would any office worker whose job is 100% on a computer need to be in an office? I don’t understand why companies want to pay for all of that electricity and real estate just to make people sit in cubicles.
So managers and other poor personality types have someone to torment. This is said flippantly but I’m quite serious.
Especially in sales and finance: every call is potentially on the record, and that’s a problem.
A lot of internal communication in these departments is, to put it mildly, legally not without interest. A quick chat after a meeting is completely off the record, an email is not.
Quick answer to that…you forget everything said off the record.
I’ll go out on a little limb, it might be sales specific. My company is 100% work from home. All the engineers and product and design work remote, maybe come into the office once a week just because.
The sales team however is strongly encouraged to come in as much as possible. I think it’s a morale thing. Sales teams become these weird cults, maybe necessarily. It’s really hard to pick up the phone and make a call when you’ve been rejected 5 times in a row. The teams little ceremonies are designed to help push through that.
Their sales team aregoing about this all wrong. Just buy the consumer lists from major dispenseries, and then call the stoners.
Boom. Easy sale.
To prevent a crash in the commercial office real estate market.
Why would Dell care about the commercial office real estate market?
they bought instead of rented? iunno
Meh fuck the commercial real estate market. Turn all the buildings into micro apartments or tear them down and install fields of solar panels.
Tear them down and build houses. Flood the market of every major city with houses so it becomes unprofitable to buy thousands of houses just to rent.
Then home sales go up, and millenials can ACTUALLY buy houses in their lifetime!
I’ve been screaming its just wage theft. My city provides tax breaks for occupancy (employees prop up the local economy buying lunch). They are making me pay for gas, time, and car maintenance (and lunch but fuck them, I’ll just not eat) for this tax break which goes to C-level bonuses/shareholders. Its just another way of skimming off the top of employee wages.
We worked fully remote for nearly 2 years and the hybrid policy just keeps getting worse and worse. Coupled with quarterly riffs, I also suspect this is to avoid severance pay/unemployment while accelerating the down sizing. Yet our CEO bonus keeps going up and up despite our stock plummeting since the end of COVID lock downs.
Missing the point. The office executives are in bed with the real estate execs.
Why should they care though? It’s not like commercial real estate sells more computers. Staff still needs desktops, infrastructure still needs datacenters.
Because all these companies have a shit load of money in the market including real state…
So sell it
That’s the crux of the issue.
Who’s going to buy it for a high price, if there is no demand for office space, because workers are all remote?
So burn it!
So for the past 4 years it didn’t matter, but now it suddenly does? I smell bs on that real estate reason
During the pandemic they had to choose between go remote or close up shop. They didn’t have much choice.
Seems that once Covid stabilized they’ve been trying to force everyone back.
Who do you think owns the real estate?
That’s because you don’t know about how CRE funding works.
Large chunk of CRE runs on short term fixed rate debt, which requires refis. Next big cycle is starting about now and will go through 2026.
So feds lowered interest rate sum, and corpos are pushing us into the office to soften the blow from CRE operators and their creditors.
With that being said, low quality class C office space is in default, no way around it.
Shiti suburban trash offices also will die along with the shiti malls.
However, the return to office policy is specifically to bail out class A and B office towers in the major cities, ie the VIP CRE owned by the real owners and not bagholders
Sociopathy, mostly.
probably because their cost is sunk in the real estate already and no one wants to buy it.