The slowly deflating #CommercialRealEstate bubble continues. People are just not that interested to go back to the office.
This building in a suburban #SanJose office park was occupied by Nio, the Chinese carmaker, who did not renew their lease in October 2023. Without a new tenant, the building went into foreclosure with $25M of outstanding debt.
"Return-to-office mandates at some of the most powerful #tech companies — #Apple, #Microsoft and #SpaceX — were followed by a spike in departures among the most senior, tough-to-replace talent...
“We find experienced #employees impacted by these policies at major #tech companies seek #work elsewhere, taking some of the most valuable human capital investments and tools of #productivity with them,” said... one of the study’s authors.
"While remote work was rare before the pandemic, today, 28 percent of Americans are working a “hybrid” schedule, going into the office some days, and 13 percent are working remotely full-time.
Switching to remote work instead of going into the office can cut a person’s carbon footprint by 54 percent, according to a study published in the journal PNAS last fall, even when accounting for non-commute travel and residential energy use.."
"Commuter travel falls under a company’s so-called “Scope 3” emissions, the indirect sources that routinely get ignored, but represent, on average, three-quarters of the business world’s emissions. "
Study after study shows remote workers are at least as productive as in-office ones. Many show remote workers are more productive.
So why do so many employers want to drag people back to the office? It's almost like there's something that's even more important to them than productivity. cough control cough
GTA 6: Am 15. April 2024 schaltet Rockstar die Homeoffice-Server ab - Golem.de
Ich würde mir wünschen, dass mehr Menschen über Firmen mit derartig rücksichtslosem Umgang mit Mitarbeitern mithilfe ihrer Brieftasche urteilen würden. #BackToOffice#ReturntoOffice#zwangsmaßnahmen
The Boss’s New Secret Weapon: Pumping Perfume Into the Office.
#Employers are using scent to boost moods and get workers to come in. Just be careful about the combo of lavender and pumpkin pie.
"For the millions of #workers who find going into the office stinks, some real-estate executives say they have a remedy: Make the #office smell better."
“Really the only other dinosaurs howling into the wind about the latest fax machine going extinct due to the internet are [commercial real estate] bagholders, who are of course upset they (god forbid) have to reinvest or change strategies, and continue to clutch pearls hoping the world would revert to a previous state. They of course don’t believe Earth can change (something it’s literally defined by). We’re a free capitalist society and so everyone has to go through the ringer of disruption, but ultimately we come out the other side better for the vast majority. They’ll evolve, but for some reason this group are extremely sore losers here.”
“The best data to date shows that the reasons and justifications for RTO mandates are largely misguided. Such mandates do not generally lead to higher productivity, better performance or improved corporate values in the short term.
It also shows that the reasons and justifications for WFH are largely real and serious. Remote work does improve schedule flexibility and work-life balance, and it saves employees a lot of time and money.
In other words: Forcing employees to work in an office doesn’t benefit companies, but does harm the lives of employees — at least in the short term.
More to the point: Most companies cannot show actual monetary benefits from RTO mandates. But most employees can show actual and significant monetary costs from RTO mandates.
In essence, these kinds of mandates represent a transfer of wealth from employees that their employers don’t even benefit from.”
“Some experts, including Stephen Meier, chair of the management division at Columbia Business School in New York, remain genuinely baffled why companies like UPS are putting up a fight over return-to-office. But he believes there's a common thread among many of these firms: hard-line management tactics.
"You can't continue that leadership style that you had before [the pandemic]," he says. "You need to actually empower [employees] … And, I think, some leaders are just used to a certain command-and-control model.””
Some of you who like working in an office, but have a 90-minute commute to get there, would have a shorter and easier commute if the people who don't like working in that same office didn't have to.
Support remote work, even if you want to be on-site.
So, my office made attendance mandatory once a week, starting today. I've been here for 1,5 hrs and have already cried, bitten a hole into my stress relief chew toy, and stuffed my face with two bags of Haribo. I can't fucking do this, someone get me out of here please 😭 @actuallyautistic
A person with #autistic sensitivities would be more severely affected by an unnecessary #ReturnToOffice mandate, and, in the UK, might consider talking to #CitizensAdvice about whether a claim over #IndirectDiscrimination might be likely to succeed. But, honestly, I'd talk about it to HR first and see if it can be resolved more easily and amicably.