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Amazon CEO tells staff to work in office three days a week or look for another job
(www.theguardian.com)
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this post was submitted on 29 Aug 2023
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I don't know but there is a commercial property bubble right now. I've heard speculation that said investors want their commercial property loans to stay far away from default. They need commercial property to be worth more because loans are in danger of not being repaid.
https://www.reuters.com/business/finance/commercial-real-estate-investors-banks-buckle-up-perfect-property-storm-2023-07-30/
I've also heard that these megacorps get huge tax breaks by promising to bring an amount of foot traffic to the area which is supposed to bolster local businesses.
Not sure if true, but if it is, I wouldn't bat an eye.
I've heard similar guesses that executives or whoever... invest in businesses that benefit from their employees foot traffic. Not sure either.
This plus management needs to justify its existence. Workers have proven they can be productive without micromanagement, which means management is a waste of money. Every worker knows that, but they're afraid of shareholders deciding they want companies to automate management instead of laying off workers to increase profit. And if that happens, it's just a few small leaps to cutting the biggest waste of money of all, CEOs.
Lol I don't know about all that.
There's a bit of truth to that. Honestly, leadership via email/chat is hard. Bad managers can't micromanage and pretend to know what's going on, so they get screwed. Good managers (which I promise do exist) have a hard time really getting their team to excel and know what the real problems are that they can address and fix. So, every team ends up in a range of mediocrity either rising from not having to deal with useless managers or not able to reach their full potential with good managers.
Is that bad? Eh, probably not.
Bad managers are a waste of resources just like bad front line employees are a waste of resources. Any role that has less oversight has more potential for abuse that is harder for the company to recognize. It's probably easier to notice an underperforming employee in person than it is virtually.
The longer term effect on growth of talent and teams is probably still largely unknown.