Quote:
Originally Posted by marothisu
Lol... you think nobody from this company will be working from home ever? Dude, no offense but you are fairly out of touch with what's going on regarding office workers right now. We have already covered this. I'm also someone right in the middle of it at a massive company and as a manager. Many companies are not abandoning their offices buy they're going hybrid. There's a reason why someone like Uber just scored a $55M permit to build out their OPO office and didn't abandon it,, but put a sizable percentage up for sublease still. So many companies will be going hybrid as they've figures out many of their workers can be just as productive at home, but still have an office to come to X times a month per person, and the company saves money and increases (potentially) their profit margins.
Expect more and more announcements in the next few months from major companies.
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^ I realize this, but you are also failing to acknowledge the downstream repercussions of an even small dip in human volume in downtown offices.
Obviously we are over a year into the pandemic and much of the damage is done, but the damage was partly contained due to an expectation that this situation was temporary--ie, people were "hanging on."
Lenders are holding back on foreclosures, and business owners/landlords are burning through reserves with the expectation that good times will return.
But if you had a business downtown (restaurant, store, hotel, property owner of an office building, etc) with certain expectations yielding a profit margin of X, then even a 10% reduction of volume could potentially be enough to put your business in the red. And I'm pretty sure that with even partial WFH, we are going to see far more than a 10% reduction in daily downtown office workforce.
The other shoe hasn't even fallen yet due to stimulus checks and the aforementioned time bought with cash reserves and the holding back on foreclosures and bankruptcies. So even partial WFH--maybe this is a done deal and that's fine--but the economic havoc it will reap has not borne itself out yet.