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The weird thing with the back to office push is how consistent it is across companies. It has to be a McKinsey consultant or something, because all companies th
by ecshafer 3y ago
The weird thing with the back to office push is how consistent it is across companies. It has to be a McKinsey consultant or something, because all companies that push going back in are doing the 3 days in office hybrid basically. Its too uniform.
- schott12521 3y agoIt’s because RTO is the last straw holding up commercial real estate. Either consultants or CEOs got together and realized that there’s no back, so they started to force it. Completely agree how much collusion between companies there is though.
- screye 3y agoA real estate crash also eliminates net-worth for rich executives more so than random employees. They all have a vested interest in molding work-file culture to their benefit.
- y-c-o-m-b 3y agoI would bet there's also some accounting or tax voodoo around it that's cutting into some of their profits and back-room deals.
- red-iron-pine 3y agoThere is definitely tax breaks for business who are "anchor tenants" in cities. Texas attracted tons of bodies to places like Austin via big tax breaks, for example. The idea being that the loss of Corporate Tax is made up by all of the people living, eating, shopping, travelling, etc. nearby.
- alistairSH 3y agoI'm convinced it's largely older C-levels walking the halls, seeing empty cubes, and panicking because "nobody is working!" I've yet to see any metrics that show forced RTO improves productivity, engagement, or anything else in white-collar industries.
- spicymaki 3y agoThat sounds plausible, it sure seems management consulting (McKinsey, Bain, etc.) are involved in someway. The companies all over hired around the same time, laid off staff at the same time, and are doing the back to office at the same time.