You are viewing a single thread.
View all comments
82 points

We had some slight pushing into going into the office more, but instead of firing people, it was decided to switch to a smaller office space, so the people who like to work in an office can do so, and less money is wasted on a mostly empty office

Understandable that this is not an option for all companies, but insane that people are happier losing talent than at least trying to work something out

permalink
report
reply
50 points

When the CEO personally owns the building and leases the office space to the company, that’s not an option.

permalink
report
parent
reply
25 points
*

Then he should act like any other office building owner and rent some space to other companies.

Bonus points if he gets with the future and works to convert some of the building to living space so people don’t have to travel to get to work. Not everybody will want that, but it will appeal to enough to make it worth doing. Shopping malls across the country are being converted to such hybrid spaces so most everything one needs is within a convenient distance.

permalink
report
parent
reply
11 points

Bold of you to assume he already doesn’t. But WFH across many industries drives down urban office space value overall.

permalink
report
parent
reply
6 points

i think you fundamentally misunderstand the motivations involved that would lead to the CEO owning the office real estate. commercial real estate is a means for them to siphon profits from the business, not a genuine attempt to provide a valuable service to anyone.

permalink
report
parent
reply
5 points

Then he should act like any other office building owner and rent some space to other companies.

There are more buildings/office spaces to rent than people wanting office space these days. There are LOTS of empty unrented buildings. He would have difficulty even finding a tenant.

Bonus points if he gets with the future and works to convert some of the building to living space so people don’t have to travel to get to work.

An exceptionally small number (we’re talking single digits in the world) of Class A office buildings are good candidates for this, and these are typically done with grants/subsidies from state or local governments. These are only in the most lucrative geographic locations where housing is at an absolute premium regardless of the cost.

For good value of converting office space look at Class C buildings. These are typically older and smaller office buildings (think built in 1910s-1950s). In these, there are ways to make cost effective residential conversions and these are happening by the dozen now.

Here’s a guide to the different class of office buildings

permalink
report
parent
reply
1 point

The other companies that are also doing WFH?

permalink
report
parent
reply
5 points

then it’s not wasted money is it

permalink
report
parent
reply
27 points

Ours tried full RTO, and then they compromised with hybrid WFH when they lost many skilled people who had been there for 10+ years to remote positions at other companies. Sometimes with little to no warning.

Some execs gotta learn the hard way.

permalink
report
parent
reply

Work Reform

!workreform@lemmy.world

Create post

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

  • All workers must be paid a living wage for their labor.
  • Income inequality is the main cause of lower living standards.
  • Workers must join together and fight back for what is rightfully theirs.
  • We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

  • Higher wages for underpaid workers.
  • Better worker representation, including but not limited to unions.
  • Better and fewer working hours.
  • Stimulating a massive wave of worker organizing in the United States and beyond.
  • Organizing and supporting political causes and campaigns that put workers first.

Community stats

  • 4.7K

    Monthly active users

  • 497

    Posts

  • 5K

    Comments