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The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise (www.businessinsider.com)

submitted 1 year ago by BrikoX@lemmy.zip to c/worldnews@lemmy.ml

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cross-posted from: https://lemmy.zip/post/1125686

Archived version: https://archive.ph/vL1mC
Archived version: https://web.archive.org/web/20230806071111/https://www.businessinsider.com/employees-work-from-home-benefits-as-good-as-raise-2023-8

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[-] pelespirit@sh.itjust.works 9 points 1 year ago

It's because they need the real estate money, they built a lot of buildings on long term leases which are now expiring. Also, who is going to rent a space for a restaurant when no one is using restaurants for lunch in business districts?