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Return-to-office orders look like a way for rich, work-obsessed CEOs to grab power back from employees (www.businessinsider.com)

submitted 1 year ago by L4s to c/technology

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Return-to-office orders look like a way for rich, work-obsessed CEOs to grab power back from employees::White-collar workers temporarily enjoyed unprecedented power during the pandemic to decide where and how they worked.

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[–] [email protected] 2 points 1 year ago* (last edited 1 year ago) (1 children)

If I'm understanding correctly, you're saying you don't see the trend of office real estate losing value? This might be a problem mostly for the US, but Manhattan real estate is definitely struggling. There's also the company WeWork, which is basically AirBnB for office spaces, which is now on the brink of collapse.. WeWork had bought up so much office space for renting out that US banks are legit concerned over what happens if the business fails.

[–] [email protected] 1 points 1 year ago

Thanks for the sources, yes looks like the US commercial real estate market is in trouble. Here in Australia it's not that bad, though there are predictions that there may be issues due to economic reasons, with WFH playing a small part.