Remember in 2020 when the commercial real estate market plummeted because WFH was working out so well everybody thought it was here to stay even after the pandemic? Even some of the biggest companies rushed to reduce their square footage any way they could. What happened since then to change that sentiment? Suddenly everybody wants people back in the office and I can't figure out why.
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It's because the bean counters see all that money that's been spent on "facilities", and they can't stand the thought of those buildings not being used.
My grandmother would have told them to not pour good money after bad.
Must be the cause of the new and improved digital technology you mentioned in your post. And btw, your post was "diluted" by its content, not the technology.
I am not sure what happened there. My phone repost several times inadvertently. that upsets me that the message gets diluted.
You all know what’s right - be brave and help on purpose.
Saul, is that you?
To the individual that posted the six duplicate epic-long tirade: Stuttering can be helped by professional therapy and it sounds like you definitely need it.
I feel like i’m listening to an old cd that is skipping.
@1tkz+1fmDKhpo
There is not a single thing those groups that @ibn+1fmDKhpo mentioned that cannot be done remotely. Any failures in that group would be management for not getting rid of any problem employees sooner.
False
@onp+1fmDKhpo
Operations? Thats a vague term. If you mean TechOps, yes they are working extremely well at home in about 99% of employees. If you mean LoanOps, they are working extremely well at home. If you mean SecurityOps, same thing. Which Operations are you referring to?
Operations is not working well from home.
@gmw+1fmDKhpo
The majority of the company can work from home with boosts in productivity. I have seen the numbers that they have, showing as much as 30% higher productivity at home vs in the office. This is not for one department. This is for multiple departments. The only ones who really can't are the ones that require face to face interactions with customers, some that need to use on site equipment, some trade jobs, etc. The rest can, and have shown their productivity is higher.
What most of you don't recognize is that a majority of the company can't work from home and still be productive optimally. The bad part is that everyone gets lumped into that now as it's another one size fits all situation which happens in very large companies.
lol wow you sure fooled us praising your own post about "free states"
@apa+1fmDKhpo - I LOVE your post!! You are spot on and I couldn’t agree more! Thank you!
@pjw+1fmDKhpo & @xhn+1fmDKhpo - Don't know where either of you live, but I live in one of the free states in America. Restaurants in my area and state are already back to capacity, with wait times of up to an hour any given evening.
The only food businesses here not doing well are those that relied on all the companies that worked downtown. People are eating out again, going to movies etc. Several have adapted how they so business. To me shorter hours for retail takes me back to the 70s. As a consumer I just adjust my hours and where I go when I'm shopping.
Adapt or die. Unfortunately the dinosaurs in the C Suite just don’t get it. Tech firms will continue to attract the best and brightest. The financial industry died in 2008 with Lehman. This was an opportunity for wall street to reinvent itself and appeal to the younger generations. As usual, they failed miserably.
Embarrassing for our company and country. We've successfully had other revolutions (e.g., industrial, automotive, digital, biomedical), but now are too ignorant and slow to adapt -- to put our heads together to rethink, innovate and pivot positively.
Do you think farriers were thrilled about the automotive revolution? Change is often painful and scary. I know plenty of people who retired early rather than learn computer skills when they suddenly revolutionized how we work.
Convert CRE to much-needed housing. Rethink cities and their attractions. Retrain those with displaced jobs in new skills to support renewable energy, climate crisis abatement, etc.
Instead of egotistical p!ssing contest
between entreprenurial billionaires creating space flight tourism for the wealthy (prepping for Plan B earth abandonment), how about using brainpower to propel us into better living on earth, including ALL living things and the planet itself?
We've innovated before. We can collectively do it again if we rise to meet the moment.
It's just illogical thinking. Nothing more. It makes no difference when all is wrong with the bank and you are right.
@bbh+1fmDKhpo
People won't be rushing into crowded halls and restaurants after we head back to office. Those businesses will still fail. Those businesses have been expecting things to just suddenly jump right back to how it was, but it will be years before we see that kind of return. We have had multiple theaters move to reduced hours/days in my city because they just don't have the attendance or employees for anything other than weekend shows. Banks need to prepare for those failures, because that tidal wave of defaults is cresting right now.
Pretty much every company in the world is grappling with this. The future is hybrid and the folks who know say it will take two or three years to figure it out. I'm not happy with it so I put in my notice. If you plan on staying, expect to start off two or three days a week in the office.
As to the why, the economy can't fully recover until all the ancillary businesses that survive off office workers get back in the game or go figure out another way to earn a living. It's quite the seachange and it's going to be painful.
Who do you think provides the small business loans to America? Would hate to see all of those default because we aren’t buying coffee/pastries/lunch/dry cleaning anymore… not that I want to return, or that I think capitalism the way it is is good; just a very serious monetary reason the (banks) need people in the seats to start the sausage factory of repayment back up. If it doesn’t happen, I expect more cutting.
First, it's a way to fire people instead of laying off.
Second, regardless of what any company says, they want your a-s at a desk from 9-5. They want to see you working and they want to mo it or your breaks. It's a control thing, nothing more.
Finally, it is a push to increase acceptance of the vaccine. All large corporations are coordinating to push this sh-t on the population. We'll, a large percentage don't want it, so they are turning the screws on us all.
The only way out is mass disobedience and worker unity. They can't operate with no employees, but if we all acquiesce, they will run roughshod over everyone.
Time to make a decision. Are you with the company or your fellow man.