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Hard to see it going any other way given the massive real estate investments they have made.
by 8bitben 5y ago
Hard to see it going any other way given the massive real estate investments they have made.
- bch 5y agoIf "real estate" were the real reason, that'd just be an example of throwing good money after bad.
- KKKKkkkk1 5y agoPersonal investments in Bay Area housing by senior execs.
- brimble 5y agoBingo! Wanna bet upper management and board members spend some of their money buying up nearby or distant-but-commute-friendly property just before a new "campus" is announced? Not the actual land the campus will be built on, of course. That would be a conflict of interest.
- Apocryphon 5y agoThe concept of an exec being the landlord of a new grad hire or owning intern housing is truly techno-feudalism.
- heyitsanewacco 5y agoThis is exactly it. We've been spending money in our suburbs for too long and it's killing the restaurant businesses that they own. The Gov of New York has basically come out and said exactly that.
- bch 5y ago> The Gov of New York has basically come out and said exactly that. Looked it up, came up with this[0]. [0] https://www.msn.com/en-us/news/us/ny-gov-kathy-hochul-says-pandemic-has-killed-the-normal-work-week/ar-AAUzK1T https://www.msn.com/en-us/news/us/ny-gov-kathy-hochul-says-p...
- veganhouseDJ 5y agoI think that is one variable but I also think senior execs want to walk into buildings with large groups of people that are less than them on the pecking order. Getting your ass kissed all day can not feel the same remote as in person. You can't replicate remotely the feeling of taking the elevator to your office with everyone you pass on the way knowing you are a big deal in the company. This is all about "collaboration", wink wink.
- teeray 5y agoNobody is immune from the Sunk Cost Fallacy
- 1270018080 5y agoJust look at the butterfly keyboard or removing all the ports but usb-c.
- propogandist 5y agoeven Thinkpads fell to the chicklet keyboard movement.
- sam0x17 5y agoYes, they need to prove that commercial real estate still holds any value at all, though I'm not convinced seeing this incredible shift towards remote economy. I think they just burned a bunch of money to be honest. Maybe in 15 years we will see the Apple campus converted to high quality free public housing, which would be a good outcome for all and certainly would create more value for society than it does now.
- ClumsyPilot 5y ago> need to prove that commercial real estate still holds any value at all You've hit the nail on the had, the entire human civilisation could reorganise around smaller cities without the commute to be more healthy, less polluting and more environmentally friendly Instead we are witnessing whole COVID-is-gone theater only to protect parasite investors that 'invested' in assets that don't produce anything
- jordanpg 5y agoI suspect that at the root of all of these companies with massive office investments insisting that everyone gets back to the office as soon as possible is something to do with taxes. Something like deductions that cannot be taken when those facilities are not used or not used enough in the development of income.
- deleted 5y ago[deleted]