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Why single out FAANG? FAANG companies aren’t the only ones pushing RTO. The study analyzed 43 different industries.
by gnz11 3y ago
Why single out FAANG? FAANG companies aren’t the only ones pushing RTO. The study analyzed 43 different industries.
- reducesuffering 3y agoFAANG are the best case scenario for your argument, with billion dollar real estate portfolios and more RTO-heavy. Just because this study reached a conclusion doesn’t mean that it’s the same conclusion other companies’ reach. Especially when those companies’ have their bottom line at stake, “skin in the game.” Again, by what plausible incentive do you think non-FAANG companies, with tiny real estate assets, usually leases for a multi-billion company, would impact their productivity for tiny help in the overall real estate market?
- 2d8a875f-39a2-4 3y agoI admit I was being a bit flippant. But there's a case to be made from the "same people owning all the companies" argument that the investors in all these tech companies are also invested in commercial real estate returns. So basically it's Larry Fink who wants you back in the office, and hey he owns your co so the board will listen to him (being flippant again here).
- reducesuffering 3y agoLarry Fink and BlackRock don’t own the 6% of Google managed by BlackRock index funds. Nor does Google or other co’s decide to make adverse decisions to their morale and productivity because of a very minority shareholder. What you’re describing is conspiracy theory. Occam’s razor. These co’s came to the same conclusion co’s like OpenAI did, that in persons benefits outweighed the negatives. Only when the conclusions don’t agree with the preferences people like you have, that the cope, conspiracy, and rationalizing come out. Also, what may be good for the individual, doesn’t mean it’s good for the org.