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199

Employers push for staff to return to the office after working from home as commercial property values plunge (www.abc.net.au)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 9 months ago (1 children)

I know no company that would dislike paying less when they need a new headquarter due to the companies growth. In fact two companies I worked in had to move because of expansion and it was a big effort to find good new accessible headquarters with room for even more growth that weren't overpriced. It took them a long time to find and choose one. It got really crammed during the search and they had to rent a floor of a neighbouring building and link the networks via encrypted directional radio to buy time.

[–] [email protected] 2 points 9 months ago (1 children)

From the article:

Rent is only about 2-5 per cent of costs for most companies with offices in the CBD, whereas salaries and wages make up about 40 per cent.

[–] [email protected] 2 points 9 months ago (1 children)

It sounds more like a reason to terminate rather than the need to justify renting the office space.

[–] [email protected] 1 points 9 months ago

So terminate part of profit center & keep the constant outflow of cash that is a lease?