4 ms·
> In the end it's more a financial thing IMO. When you just entered a 10 or 15 year lease right before Covid hit, you're now stuck with paying 7 years for an of
by onlyrealcuzzo 3y ago
> In the end it's more a financial thing IMO. When you just entered a 10 or 15 year lease right before Covid hit, you're now stuck with paying 7 years for an office you're not even using - that's objectively bad for any company's financials
Amazon is a different beast - as they're more like Walmart and less like Google and Apple.
The rest of the big tech companies people actually want to make at have ~40% profit margins, and <5% of expenses come from office space. If their offices are underutilized by 50% - that's a rounding error.
And beside Microsoft - basically none of the big tech companies have anywhere near enough space.
You've got people make $800k with less space than people who work in universities making $30k.