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Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
(www.bloomberg.com)
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this post was submitted on 13 Jul 2023
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The productivity metrics at my company were consistently up by around 150% month by month for the entire duration that we were all permanently working from home without the distraction of the office and the time sink of in person meetings where nothing is achieved.
The only reason we were forced back to a hybrid arrangement is that none of the middle managers had any work to do and it became painfully obvious how little they actually contribute. They don't actually generate any value.
Instead of restructuring, and distributing the heinous waste of money that they and our real estate holdings represent they made the decision to limit WFH arrangements to two days per week and our metrics went right back where they were previously.