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this post was submitted on 18 Dec 2023
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Its real estate. They have huge, expensive offices they /know/ are barely necessary, and they absokutely cannot afford the loss they would incur if they had to sell (because all that is debt financed and based on bullshit) AND uf one large tech or office firm did that, soon there would be pressure on all of them to do that.
That could crash the commercial real estate market and lead to the real estate market in general going down.
While this would benefit the vast majority of workers, it would financially harm those with lots of vested stocks and other investments.
Oh and of course working from home makes middle management /obviously/ more or less useless. And basically all managers (there are some exceptions) and all VPs (near 0 exceptions) and above are sociopaths who crave feeling important and superior to others, and they will do anything to continue that lifestyle.
Why do you think the largest union actions in the US in maybe 50 years are either not covered by the media, or demonized in the few instances they are?