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[deleted] t1_j9tpjf1 wrote

Reply to comment by getgoingfast in Pimco-Owned Office Landlord Defaults on $1.7 Billion Mortgage by downboat

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eatmoremeatnow t1_j9tx57w wrote

This is the point though.

They WANT demand for things like vacations and home renovations to go down. They WANT a recession because it will halt inflation.

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Walla_Walla_26 t1_j9tr0od wrote

I can’t fathom a business paying for employee meals, lattes, snacks, and the myriad other perks offered. That’s nuts. No wonder the balance sheet drastically improved. You really need all that extra stuff to compete for fintech employees?

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[deleted] t1_j9tsb4q wrote

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OnlyFAANG t1_j9tzzsx wrote

Yep I work at a FAANG, and not the shitty one. Nobody is going back. They can layoff deez nuts. I'll never go to an office again.

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Current-Band569 t1_j9ufes8 wrote

I wonder which FAANG cuz I also work for a FAANG and people bitched but the company cracked down and everyone bent the knee.

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Walla_Walla_26 t1_j9u6p3y wrote

Damn I’ve always worked in a field that has to be done in a centralized location. I guess I just didn’t know how it is. Thanks for the explanation. It was very direct and eye opening. I guess I just can’t imagine employers bending over like that for talent. DAMN

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[deleted] t1_j9u8hyd wrote

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Walla_Walla_26 t1_j9v2xh4 wrote

I work in the utility industry and there would just be no chance to get hired back at double salary even if they’re not paying benefits. Something tells me I should switch careers

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redditkingu t1_j9wd262 wrote

>I can’t fathom a business paying for employee meals, lattes, snacks, and the myriad other perks offered. That’s nuts.

It's all bread and circuses. It's a lot cheaper to pay for lunch and little treats than it is to pay office drones a proper wage.

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terrybmw335 t1_j9txegq wrote

Labor is by far your largest expense and work at home employees just bleed productivity.

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[deleted] t1_j9u17jf wrote

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es_price t1_j9u9txk wrote

Let me stop working so I can read these studies about how productivity soared. Any links?

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yonk49 t1_j9vxk57 wrote

Anecdotal evidence:

Young people suck and take advantage of work at home.

Older people who have been in the workforce get more done and more effective (depending on roll).

Obviously, there are exceptions but seen this trend consistently.

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terrybmw335 t1_j9u1lnu wrote

There are just as many showing a huge drop-off in productivity. At best, I think WFH can work well for highly paid goal oriented engineers. For most positions though, it's proven to be a drain, which is why so many companies are reversing course.

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StudlyPenguin t1_j9uewyk wrote

2x productivity times 0 is still zero. The best have leverage, and if they want to work from home, the market is happy to oblige.

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