Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.
Although I lead a team of 20 whose job requires them to physically attend, I agree that WfH is here to stay and only will expand. Smarter companies and investors should divest themselves of real estate holdings.
My tin foil hat belief is that this is the real reason so many companies are still pushing RTO. The board members and C-suite are bag-holders of corporate real estate and they’re trying to hold back the tide that’s going to tank their investments.
Although I lead a team of 20 whose job requires them to physically attend, I agree that WfH is here to stay and only will expand. Smarter companies and investors should divest themselves of real estate holdings.
My tin foil hat belief is that this is the real reason so many companies are still pushing RTO. The board members and C-suite are bag-holders of corporate real estate and they’re trying to hold back the tide that’s going to tank their investments.
I’m quite sure this is correct. Real estate has always been a safe corporate investment and they are fearful.