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80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’ (www.cnbc.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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80% of bosses say they regret earlier return-to-office plans: ‘A lot of executives have egg on their faces’::As some business leaders accept hybrid work as a permanent reality, others are backtracking on earlier pledges to let employees work from home.

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[–] EndOfLine@lemm.ee 4 points 1 year ago* (last edited 1 year ago)

I just don't get it. That money has already been spent or guaranteed for the current leases. It's a sunk cost either way. If they end up not needing it that office space then, once those leases are up, that become a cost saving and improve the bottom line of corporate profits right?

Only thing I can think of is that a a considerable percentage of upper management are getting kick backs by property owners who can see what WFH policies mean to their business model, or there are a lot of managers that don't know how to evaluate employee performance based on their deliverables.