501
Amazon CEO tells staff to work in office three days a week or look for another job (www.theguardian.com)
submitted 2 years ago by [M, B] to c/technology@lemmy.world
67 comments fedilink hide all child comments
 

Amazon CEO tells staff to work in office three days a week or look for another job::Almost 30,000 workers signed petition against return-to-office mandate in May

you are viewing a single comment's thread
view the rest of the comments
[–] 20 points 2 years ago* (2 children)

I don't know but there is a commercial property bubble right now. I've heard speculation that said investors want their commercial property loans to stay far away from default. They need commercial property to be worth more because loans are in danger of not being repaid.

https://www.reuters.com/business/finance/commercial-real-estate-investors-banks-buckle-up-perfect-property-storm-2023-07-30/

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 11 points 2 years ago (1 child)

    I've also heard that these megacorps get huge tax breaks by promising to bring an amount of foot traffic to the area which is supposed to bolster local businesses.

    Not sure if true, but if it is, I wouldn't bat an eye.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 2 points 2 years ago (1 child)

    This plus management needs to justify its existence. Workers have proven they can be productive without micromanagement, which means management is a waste of money. Every worker knows that, but they're afraid of shareholders deciding they want companies to automate management instead of laying off workers to increase profit. And if that happens, it's just a few small leaps to cutting the biggest waste of money of all, CEOs.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 4 points 2 years ago (1 child)

    Lol I don't know about all that.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 2 years ago (1 child)

    There's a bit of truth to that. Honestly, leadership via email/chat is hard. Bad managers can't micromanage and pretend to know what's going on, so they get screwed. Good managers (which I promise do exist) have a hard time really getting their team to excel and know what the real problems are that they can address and fix. So, every team ends up in a range of mediocrity either rising from not having to deal with useless managers or not able to reach their full potential with good managers.

    Is that bad? Eh, probably not.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 1 point 2 years ago

    Bad managers are a waste of resources just like bad front line employees are a waste of resources. Any role that has less oversight has more potential for abuse that is harder for the company to recognize. It's probably easier to notice an underperforming employee in person than it is virtually.

    The longer term effect on growth of talent and teams is probably still largely unknown.

  • permalink
  • fedilink
  • source
  • parent