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Real estate is also really cheap in comparison to actually paying people, especially in some areas with long-term deals.
by izacus 4y ago
Real estate is also really cheap in comparison to actually paying people, especially in some areas with long-term deals.
- ilyt 4y agoWell, depends, if now more than half of your company isn't in office after COVID and move to WFH I can see it being a pretty big part
- folivore 4y agoI am unsure if 10% cut would be covered by dropping an office. The area is very affluent and exclusive. Note that it is a pretty small company.
- bruce511 4y agoWhether it would help or not is irrelevant. You can't just "drop an office" - that's not how offices work. It's likely, even probable, that the landlord has already been squeezed for rental drops - certainly most folks did that during covid. To drop the office means waiting until the next lease expiry - leases are typically 5 years long, so figure a year or two away at least.