Amazon CEO Andy Jassy recently told employees that those who do not want to return to the office at least three days a week should consider finding employment elsewhere. According to a recording obtained by Insider, Jassy stated “It’s past the time to disagree and commit,” adding that if employees cannot commit to the new hybrid work model, “it’s probably not going to work out for you at Amazon.” He characterized the decision to have employees return to the office part-time as a “judgment call.” Notably, Jassy said employees are free to leave if they do not want to comply with the hybrid work requirement. This makes clear that Amazon has not changed its stance on returning to office work despite some employees preferring full remote arrangements.
If I were predisposed toward conspiracies I would definitely be convinced by now that every medium-to-large business owner in the country was part of a secret cabal who made a pact to demand return to office for whatever terrible reason sounded good to them.
My own workplace is mandating a hybrid model for any employees within 30 miles of an office after “much research, discussion, and debate with employees.” They’ve typically been very reasonable and generous to their workforce, and I just don’t understand what they’re thinking, honestly.
As to conspiracies, it’s not really the businesses, it’s the property.
Hilariously, the data don’t back them up, my wife does research on this very topic for a company. The dollar signs do though, they have to justify the property expenditures.
Hilariously, the data don’t back them up, my wife does research on this very topic for a company. The dollar signs do though, they have to justify the property expenditures.
No. That’s sunk cost fallacy.
If they’ve already bought and paid for the buildings, they are not losing more money by not using them.
In fact, they probably save money on things like maintenance, overhead, security on physical sites when they’re not being used. They could also be renting those spaces out, or straight up selling.
It’s hurting the commuting industry.
Don’t most companies have Blackrock on their board, who had been buying real estate for the better part of the last 5 years.
whatever terrible reason sounded good to them
Commercial property values. They want the offices full so their investment retains value. Dassit.
