this post was submitted on 29 Aug 2023
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Amazon CEO Andy Jassy warns remote workers: 'It's probably not going to work out for you' (nypost.com)
submitted 1 year ago by L4s to c/technology
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Amazon CEO Andy Jassy warns remote workers: 'It's probably not going to work out for you'::Amazon CEO Andy Jassy told employees who defy his edict to return to the office three days a week that "it's probably not going to work out for you."

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[–] [email protected] 169 points 1 year ago (13 children)

It's the commercial real estate mortgage backed securities market. If everyone doesn't pay office rent the collateralized debt of those places goes kaput, the security implodes like 2008 and the banking industry goes under.

These CEOs are all invested. They don't care about productivity, it's all about saving their investments.

[–] dx1 6 points 1 year ago (1 children)

Made a bad investment, reap the loss. Free market for you.

[–] cantrips 3 points 1 year ago

Convert to housing. Kill two birds with one stone.

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