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‘Zombie Offices’ Spell Trouble for Some Banks - The New York Times (www.nytimes.com)

submitted 9 months ago by 1984@lemmy.today to c/technology@lemmy.world

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This is the real reason for companies wanting people back to the office.

All this talk about collaboration and team spirit is just the publicly given reason for wanting people back to the office.

The real reason is that now the owners of the buildings are losing money.

Cry me a river.

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[-] whoelectroplateuntil@sh.itjust.works 5 points 9 months ago

The pandemic triggering a cultural shift to WFH is a big part of the problems in the commercial real estate market. Basically, America becoming 10% more technologically sophisticated may have unhinged the financial system. Story about the impact of tech on society, I guess?

this post was submitted on 09 Feb 2024

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