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There's been a resentment brewing in the leadership/ownership class for a few years about this. My theory is that the isolation of lock down kind of drove a wed

by __loam 2y ago

There's been a resentment brewing in the leadership/ownership class for a few years about this. My theory is that the isolation of lock down kind of drove a wedge between these guys and their employees, and now they're majorly out of touch and fundamentally aren't interacting with the regular people who work for them, resulting in cruel policy like RTO and mass layoffs even at well functioning and profitable organizations. Just a lack of respect or knowledge of what their employees actually do.

blackeyeblitzar 2y ago
I wonder if this is all just to protect Dimon’s ego. He was quoted saying he was unhappy that he was going to the office everyday and no one else was there. Or is it just to protect the value of their office buildings?
- ggm 2y ago
  > Or is it just to protect the value of their office buildings? I have a very strong belief it's the latter. Every corporate entity is doing wierd shit with Listed Property Trust investment on their own buildings, and if it can't rent refuse to rent below rate because it affects the asset value, and associated loan-to-value costs. Nobody wants to be the grown up admitting they bought at top of the peak and the office is worth 10x less. (fictional amount for illustrative purposes but I read that city buildings are selling way below buy cost)
insanehn9 2y ago
[flagged]
- __loam 2y ago
  Telling your employees that they can work remote, having them prove that they can work remote for years without a loss of productivity, telling your employees you have no plans for going back to the office so people leave and buy property or otherwise put down roots elsewhere, then forcing them to come back based on the CEO and the Board thinking the vibes are bad and making people restructure their whole lives around commuting to a specific location is cruel and if you disagree I recommend you work on developing some empathy.

by __loam 2y ago

blackeyeblitzar 2y ago

I wonder if this is all just to protect Dimon’s ego. He was quoted saying he was unhappy that he was going to the office everyday and no one else was there. Or is it just to protect the value of their office buildings?

ggm 2y ago
> Or is it just to protect the value of their office buildings? I have a very strong belief it's the latter. Every corporate entity is doing wierd shit with Listed Property Trust investment on their own buildings, and if it can't rent refuse to rent below rate because it affects the asset value, and associated loan-to-value costs. Nobody wants to be the grown up admitting they bought at top of the peak and the office is worth 10x less. (fictional amount for illustrative purposes but I read that city buildings are selling way below buy cost)

insanehn9 2y ago

[flagged]

__loam 2y ago
Telling your employees that they can work remote, having them prove that they can work remote for years without a loss of productivity, telling your employees you have no plans for going back to the office so people leave and buy property or otherwise put down roots elsewhere, then forcing them to come back based on the CEO and the Board thinking the vibes are bad and making people restructure their whole lives around commuting to a specific location is cruel and if you disagree I recommend you work on developing some empathy.