Thread regarding Tyson Foods layoffs

Tyson Offices

Sound off... with everyone working from home these days; will we see office closures? E.g. will the Chicago office close or downsize?

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Post ID: @OP+16zm2BEn

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Tyson’s SG&A was always very loose; especially for T&A... when travel was permitted. Why do you need 4 planes in their fleet?
Eventually Tyson will want all their employees/ talent down in Arkansas; cheaper market, insurance and cost of living. Also, Tyson did not take advantage of all of the synergies that were present when Tyson squired Hillshire Brands.

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Post ID: @3yvx+16zm2BEn

It wouldn’t surprise me. Doing some quick research, it looks like it is a class B building with 247,716 sq ft. The average asking office rent per sq ft for class B buildings in West loop is $31.29/sqft/yr. That comes to $7.75MM per year in rent. Is the talent pool in Chicago worth that price tag? Time will tell, especially if remote work becomes a permanent thing and the talent pool opens up to include national and international remote workers.

By the way, SG&A for the company is under review.

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Post ID: @2pyy+16zm2BEn

Would only make sense. I bet the rent, taxes and utilities are expensive for being in Chicago. SG&A would go down if they downsize to a smaller platform.

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Post ID: @1epp+16zm2BEn

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