this post was submitted on 18 Dec 2024
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Work Reform

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[–] catloaf@lemm.ee 115 points 8 hours ago (6 children)

Anyone who does not understand the sunk cost fallacy should not be in management.

You've spent $x on office space. You can:

A. Use it, and make your employees hate working for you or

B. Let it go unused, and your employees are happier to continue working for you.

The money is spent either way. The only difference is morale, which does in fact directly contribute to your bottom line.

C. Sublet out the property and make back the cost of the lease or even a bit of profit.

[–] grey_maniac@lemmy.ca 3 points 2 hours ago

They can't depreciate the assets and use them as a deduction if it doesn't count as an office expense. That only qualifies if a threshhold minimum number of workers spend a threshhold minimum amount of time in the office.

[–] BradleyUffner@lemmy.world 42 points 8 hours ago (2 children)

C. Get rid of what you don't need so that everyone is happy

[–] Sabin10@lemmy.world 18 points 6 hours ago (2 children)

When you are locked in to a 3/5/10 year lease for the space, that's not actually an option. Most leases signed pre covid should be up by now but clueless management probably renewed anyways.

[–] NatakuNox@lemmy.world 3 points 4 hours ago (1 children)

And the really big corporations own their buildings. You think the company locked into leases are mad? The companies who own the building are pissed! Some have a multi million dollar building that's losing value faster than the speed of light.

[–] whostosay@lemmy.world 2 points 3 hours ago

Good. Turn that shit into housing.

[–] makyo@lemmy.world 1 points 3 hours ago

Are sublets not an option?

[–] blazeknave@lemmy.world 3 points 5 hours ago

You mean sell it for money and actually make more profit while everyone is happy? Preposterous!

[–] Gullible@sh.itjust.works 10 points 8 hours ago (1 children)

Or c, keep just enough office space to create rolling “layoffs” as people are asked to return to the office.

[–] UnderpantsWeevil@lemmy.world 14 points 7 hours ago

Step 1: Hire staff

Step 2: Train staff to do job

Step 3: COVID! Oh no! Everyone work from home.

Step 4: ???

Step 5: Fire staff to save money.

Step 6: Profit.

[–] SpikesOtherDog@ani.social 8 points 7 hours ago

It's nice to find the rant in your head written out. A previous employer of mine dropped two properties in favor of a store front.

[–] brbposting@sh.itjust.works 1 points 5 hours ago

There have to be relationships at play or something like that. Or saving face. Maybe investments?