There are two actors who are really against WFH: on the hand hand highest echelons of management who know they probably have these buildings as part of their balance sheet and need its valuation to stay high, to borrow against. And on the other hand banks and investors who financed buildings like this and have them on their balance sheet and need its valuation to stay high to leverage against. These guys use manipulative media to make this a moral judgement call of work ethics and propagate theses ideas of „working hard = working from the office“ to middle management who are generally just regurgitating these statements. The results will be devastating, since companies acting in their or their banks‘ short term valuation interest will in turn bleed the most crucial talent left and right. I am working in and around IT and every developer or admin who is really, really good either has better WFH conditions than the rest or has a new job by now already. Everyone else comes to the office. This commercial real estate bubble needs to pop fast and WFH and voluntary hybrid models (not everyone has the office space at home or wants to WFH, some capacity should be reserved for them) become the norm, so companies can focus on their business again.
this post was submitted on 28 Jun 2023
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There are a lot of businesses that should follow suit.