this post was submitted on 28 Aug 2023
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Unless your or the company's portfolio has lots of commercial real estate securites. The commercial real estate and the financial securities behind them are in a bubble and there is a fear it could pop like it was 2007 with the mortgage securities. That was the fear behind it. And many cities had mayors pushing for a return to office because the downtowns were threatened.
Most of this comes from the C-level execs being "inbred." Meaning many C-level execs sit as board members on other companies. These guys are all trying to scratch each others' backs.
…with affordable housing. The horror!
I guess it's possible. It just seems a reach for people to think that's the /only/ reason.
Honestly. I think people would be more successful if they actually tried to understand some of the nuance and understand what things are better in person than remote. Then try to solve for those things, rather than just saying "remote is better in every way" like everyone seems to think.
That's going to be highly dependent on the work done and the structure of the company. Even then, it is also about demonstrating power. I work in IT where our datacenters are in different states, and we work more and more with cloud infrastructure. Even when I'm in the office I'm working remotely. We don't see clients. Our teams are scattered across the country, hell my manager lives in another state. So even in the office the people part of it is still done remotely. There is zero reason to be in the office for us.
Totally fair in many environments for sure.