420
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Aug 2023
420 points (96.7% liked)
Asklemmy
43317 readers
1097 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
Like people said, a lot of companies have stake in real estate.
WeWorks, for example, was supposed to be big IPO and big payouts for these companies. And because of WFH, WeWorks is near bankruptcy with 12 cent stock.
Only way to avoid further real estate losses is to force employees back to office.
WeWork was already having problems before Covid, and WFH would actually benefit WeWork since it means more mobile staff that could use a remote office in places where they can't find room at home.
A lot of companies get large investments from investors. Investors generally have a lot of stake in real estate.
Probably the same reason why small startups get fancy offices in the city center as soon as they get their investments, but there's no budget for salaries.