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this post was submitted on 29 Aug 2023
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Technology
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Hilarious that the company that pioneered cloud solutions and made working from home for a ton of people ridiculously easier decides that their employees don’t deserve to work from home. Something something corporate office real estate crisis.
If we've learned anything from recent real estate crises, it's that once again, the losses will be socialized, with golden parachutes aplenty.
Reminds me of how I read awhile back that commercial mortgage-backed securities are pretty prevalent in today's major investment portfolios. This more recent article reads to me like, "don't panic, everything is fine, nothing to worry about here"
Wait until you hear about Zoom: https://www.businessinsider.com/zoom-ceo-employees-return-to-office-2023-8?op=1
Tbf this is the same guy that absolutely raked his own company’s flagship software over the coals while telling them it’s time to come back to the office