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> He fired 75% of employees Wouldn’t that allow them to massively downsize wrt real estate?
by Semaphor 4y ago
> He fired 75% of employees
Wouldn’t that allow them to massively downsize wrt real estate?
- jurassic 4y agoEventually they can downsize, but corporate leases are usually signed for very long terms because of all the investment in “building out” the space to meet a company’s customized needs. You can’t just snap your fingers and walk away from these lease agreements.
- Semaphor 4y agoAh, yeah, I forgot about that. Still, that should allow for decent reductions in the future.
- lapcat 4y agoAt the same time he also demanded that everyone return to the physical office, in a company that prior to acquisition had committed to permanent WFH for anyone who wanted.