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this post was submitted on 13 Apr 2024
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A smart CEO can downsize the office space and save money, thereby increasing his profits.
The problem is they signed long office space leases and breaking out of them is very expensive, plus they get tax breaks for driving foot traffic to commercial areas. Not that they would ever admit that is the reason instead if a bullshit “team spirit” diatribe excuse.
Considering it all started during the pandemic, a lot of those leases are going to come up for renewal soon.
Subletting is a thing.
They can rent the space to other businesses as "temporary office".