Meh. Of course they will double down on huge real estate deals they can't bail out of because they're likely long-term.
But the companies will try to make it sound literally every other way except the truth. They have to save face after all, plus "admitting defeat" has real consequences on your stock price.
So business as usual really.
I'll be eating a lot of popcorn in the next few years. I can bet many people will leave their jobs if the company enforces return to office. The fallout will be long and interesting to watch.
> double down on huge real estate deals they can't bail out of
I wouldn't assume that's a big factor. If you own office space you don't need, you can lease it out. Or if you don't own but lease it, then you can often sublease it out.
Depending on market conditions (whether remote working is a trend or a permanent change), the demand may not be that high, so it's unclear how much money you'll get. But whatever it is, it's more money than not leasing it out.
Sure, I'm kind of assuming they don't do that because it might be a loss of prestige (imagine Google admitting they have to lease part of their offices). I could be wrong there, admittedly.
Yes, and? The world is big; the huge corps can suffer by reduced hiring pool -- or reduced quality in their newer hiring pool -- and the world, surprisingly, will not end.
The strong talent will move someplace else. You can dangle big pay checks and perks only for so long.
But the companies will try to make it sound literally every other way except the truth. They have to save face after all, plus "admitting defeat" has real consequences on your stock price.
So business as usual really.
I'll be eating a lot of popcorn in the next few years. I can bet many people will leave their jobs if the company enforces return to office. The fallout will be long and interesting to watch.