4 ms·

Sorry .. I am unable to understand what you meant. Could you elaborate ?

reducesuffering 3y ago
Many people on HN claim that big co's like Amazon, Apple, and Google only want RTO (return to office) because they stand to lose so much money in real estate. However, these are companies worth >$1,000 billion. When you dig into the value of their corporate real estate holdings, it's almost always only $5-20 billion, a paltry percentage of their overall worth. Their financial incentives mean they do not care about losing even 50% of a $5-$20B real estate portfolio, if it in anyway impacts the ability of their workforce to be productive in making the $50 billion/year profits required to maintain >$1,000 billion equity value. Losing 50% on $10B real estate means a 0.5% loss. Losing just 1% productivity on your workforce is a 1% loss, double. These companies care about their software productivity and profits, period. That's what drives their decisions. Their worth isn't comprised of real estate.
- MockObject 3y ago
  > These companies care about their software productivity and profits, period. That's what drives their decisions. Then there ought to be enough data on the productivity of RTO to shut up all the naysayers on HN. It's not there. It doesn't exist. Jassy admitted his decision was based on groupthink.
  - reducesuffering 3y ago
    Data already exists[0][1], the big co’s have more, and they are figuring out how to release it tactfully without upsetting their employees and getting bogged down in debates. Like how China builds high speed rail while California can’t get around everyone’s conflicting opinion. HN is just a bit of an echo chamber of antisocial pro-wfh opinion, from majority employees that care about their personal interest rather than total company productivity, that you’ve never heard of the data. [0] https://www.nber.org/papers/w31515 https://www.nber.org/papers/w31515 [1] https://wfhresearch.com/wp-content/uploads/2023/07/SIEPR1.pdf https://wfhresearch.com/wp-content/uploads/2023/07/SIEPR1.pd...

Many people on HN claim that big co's like Amazon, Apple, and Google only want RTO (return to office) because they stand to lose so much money in real estate. However, these are companies worth >$1,000 billion. When you dig into the value of their corporate real estate holdings, it's almost always only $5-20 billion, a paltry percentage of their overall worth. Their financial incentives mean they do not care about losing even 50% of a $5-$20B real estate portfolio, if it in anyway impacts the ability of their workforce to be productive in making the $50 billion/year profits required to maintain >$1,000 billion equity value. Losing 50% on $10B real estate means a 0.5% loss. Losing just 1% productivity on your workforce is a 1% loss, double. These companies care about their software productivity and profits, period. That's what drives their decisions. Their worth isn't comprised of real estate.

MockObject 3y ago
> These companies care about their software productivity and profits, period. That's what drives their decisions. Then there ought to be enough data on the productivity of RTO to shut up all the naysayers on HN. It's not there. It doesn't exist. Jassy admitted his decision was based on groupthink.
- reducesuffering 3y ago
  Data already exists[0][1], the big co’s have more, and they are figuring out how to release it tactfully without upsetting their employees and getting bogged down in debates. Like how China builds high speed rail while California can’t get around everyone’s conflicting opinion. HN is just a bit of an echo chamber of antisocial pro-wfh opinion, from majority employees that care about their personal interest rather than total company productivity, that you’ve never heard of the data. [0] https://www.nber.org/papers/w31515 https://www.nber.org/papers/w31515 [1] https://wfhresearch.com/wp-content/uploads/2023/07/SIEPR1.pdf https://wfhresearch.com/wp-content/uploads/2023/07/SIEPR1.pd...