How much money will T save by selling all office space and returning to WFH?
10 replies (most recent on top)
Layoffs are a bigger money saver. I rhoughr you knew that?
Billions. Probably enough to pay off the debt.
Grasping at straws here !
Check the records. They have sold most of their buildings and are leasing them back. They’ve already pocketed the cash so the only savings would be the leases.
It’s a pointless question because they clearly do not give a flying ph--k.
9 figures per year if not 10. What we pay to lease some of these dumps would shock you.
We are saving already in Real Estate costs by establishing Hub Offices.
Work from work!
Not work from kitchen.
After seeing how little W was part of WFH, there is no going back.
Depends on how Blackrock responds.
If T abandons BR owned real estate, BR will likely shift the interest rate on T's debt in an unfavorable direction.
It's the only explanation that makes sense for RTO.