I used to work for a Fortune 500 company and in my case it was obvious that busi... | Hacker News

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		monatron on Sept 22, 2023 \| parent \| context \| favorite \| on: Working remotely can more than halve an office emp... I used to work for a Fortune 500 company and in my case it was obvious that businesses in and around our campus suffered significantly with more people not coming to the office. My guess is the company had tax incentives in place with the city/state on the condition that their being there was a boost for the local economy. People not coming to work and spending money jeopardized those incentives.

lowmagnet on Sept 22, 2023 [–]

The sunk cost fallacy in full effect, except in some of the big companies that involves actual investment in real estate they want to recoup somehow.

I don't know how long it'll take, but I expect less offices built, and less office floor area being leased in the long term.

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