216
Amazon CEO reportedly told remote employees: ‘It’s probably not going to work out’
(www.theverge.com)
this post was submitted on 29 Aug 2023
216 points (97.8% liked)
Technology
69391 readers
2749 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yep. This solidifies my belief- irs a real estate issue
But why though?
Wouldn't it be more cost effective to not pay for huge buildings?
And even if you can't get out of the contract, wouldn't it still be more cost effective to just leave it empty without paying for electricity, water and heat?
Because the executives have money in, or relationships with, investments funds that are heavily vested in commercial real estate. So it might save money for the company, but the knock on effect of devaluing that real estate is a threat to many wealthy. So no matter how wasteful it is for the companies in question, the personal conflicts of interest at exectutive/board levels will ensure the farce continues until those companies are replaced or have no alternative.