this post was submitted on 24 Jul 2023
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Leaked messages show Amazon will force a 'voluntary resignation' on employees failing to relocate near their team 'hubs' (archive.ph)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Leaked messages show Amazon will force a 'voluntary resignation' on employees failing to relocate near their team 'hubs'::undefined

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[–] azdood85@lemmy.world 25 points 1 year ago (3 children)

They bought a ton of real estate over the years.

Then places like Seattle were literally falling a part without the added cash cow of commuters stuck in bumper to bumper traffic for 16 hours of a workday.

[–] TurboDiesel@lemmy.world 4 points 1 year ago

And that commercial real estate is the backing for a LOT of corporate debt. I imagine they're afraid of the collateral against which that debt was borrowed collapsing in value.

[–] 5BC2E7@lemmy.world 2 points 1 year ago

Why is that a concern for amazon?

They already know wfh is as good or even better for productivity. This doesn’t see like a move in their best interest