People have theorized that RTO mandates are shadow layoffs, but I think they might actually be commercial real estate investors trying to prop up the office market. If large companies are able to force RTO those working conditions will trickle down to smaller employers, which will stop the bleeding of tenants for small and midsized buildings. Those commercial office buildings are owned by REITs and investment banks.…
Why do the landlords have control over tech ceos?
I think most corporate America works this way. Every company has a board of directors (i.e stake holders (i.e investors, with many investments, including land)) they pass down edicts from on high. "If you want my money you have to do XYZ." From there c-suite executives figure out how to pull it off. Sometimes investments in one area affect decisions in another, which is technically a conflict of interest, which is technically illegal, but hey that's why America is famous for its corporate integrity.