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Defeated CEOs are now conceding hybrid working is here to stay

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Re: Defeated CEOs are now conceding hybrid working is here to stay

#131

Post by jdlshore »

ryandrake wrote: post #94
datascienced wrote: post #74

Earlier quoted context omitted.

That doesn’t make sense unless the CEO owns the building the company rents. If you have money in REIT then your company’s little decision wont affect it. Anymore than buying a single share of Apple will affect the price.

I've never understood the "because CEOs invest in commercial real estate" angle. Like really? Why would senior executives be more likely than the general investing public to invest in that one very specific asset class? It seems like a small tail wagging a big dog.

Yeah, it feels like conspiracy thinking to me.

Re: Defeated CEOs are now conceding hybrid working is here to stay

#132

Post by grugagag »

Where I currently work we have only office work. I wouldnt mind it if it wasn’t for my manager who loves the sound of his own voice and who doesn’t give us peace to finish the damn work, always interrupting... In my current situation hybrid would literally enable me to work.

Re: Defeated CEOs are now conceding hybrid working is here to stay

#133

Post by al_borland »

MisterBastahrd wrote: post #128
al_borland wrote: post #115

Earlier quoted context omitted.

I found a lot of people treat being in the office as the job. They can walk around, socialize, and not really do anything useful, but they are “at work”, so it’s ok. Meanwhile, people at home feel like they need to prove their worth and make sure their impact is being felt, so they work harder.

My co-workers now do remote standup, travel to the office to get in around 10:30, and leave at 3 to make it home for 4 and log out at 5. So much more efficient than just... staying home and working the entire day.

That’s one way to get paid for the commute…

Re: Defeated CEOs are now conceding hybrid working is here to stay

#134

Post by grugagag »

al_borland wrote: post #99
unshavedyak wrote: post #72

Earlier quoted context omitted.

I agree about the issue with not being able to move, but i'd hardly call some of the many benefits "worst of both worlds". Avoiding the traffic, avoiding crowded offices, avoiding distractions, gaining life time back (no commute), etc - if you like it and have a proper space for it i'd still say it's a net benefit to hybrid WFM. I'm fully remote atm, but i've also done hybrid. WFM was always a benefit to me personall…

If someone has to relocate to a HCOL area for a hybrid job, the WFH days are seen by the company as a benefit, but the move to the HCOL area is generally going to be a net loss. It’s not enough of a benefit to make up for the significantly higher housing costs.

I agree and never thought about it this way as im already in a HCOL area (NY). Also In not allowed hybrid where I work, the office is cramped, noisy and hostile to deep work.

Re: Defeated CEOs are now conceding hybrid working is here to stay

#135

Post by diggernet »

BobaFloutist wrote: post #79
diggernet wrote: post #32

Earlier quoted context omitted.

I have heard rumors (yes, completely lacking proof) that some major banks with huge commercial loan portfolios are using those loans as leverage to coerce companies into loudly demanding return to office. That's actually pretty easy to believe, because they'd really be hurting if commercial real estate values were to plummet.

How are they using those loans as leverage? The terms are set, your student loan company couldn't make you, I don't know, tweet something you didn't want to.

Student loans are different from commercial loans. Student loans are long term, with all the details fixed for the life of the loan. Commercial loans are more fluid, and generally have short terms, adjustable rates, and other fun things.

Two possible approaches to leverage quickly come to mind:

- The carrot: "You've got a loan with us for $xM at y%. If you show you are committed to this office by maximizing occupancy, that lowers our risk and we can give you a 0.1% discount."

- The stick: "Your loan term is expiring soon. I know it'd hurt to need to make that big balloon payment. Let's discuss our conditions for rolling you over into a new loan."

Re: Defeated CEOs are now conceding hybrid working is here to stay

#136

Post by [deleted] »

throwiforgtnlzy wrote: post #129

FYI: Meta is de-facto insisting on RTO and not offering a remote option for new employees. This trend has nothing to do with productivity and is all about the egos of control-freak managers "maintaining control" over employees in a way that wastes employees' time and money and harms the company's reputation.

[deleted]

Re: Defeated CEOs are now conceding hybrid working is here to stay

#137

Post by warcher »

cookie_monsta wrote: post #69

My boss (middle management) is very staunchly opposed to more than 1 day per week of WFH. She spends about 90% of her time on video calls, so I was always confused by that until she was telling me that when she does WFH she's always distracted by other things which doesn't happen in the office. Maybe a lot of the WFH opposition is really just managers projecting their own work ethic onto others?

There is nothing in the world stupider than driving into the office to get on a video call.

Re: Defeated CEOs are now conceding hybrid working is here to stay

#138

Post by grugagag »

thfuran wrote: post #98
ghaff wrote: post #76

Earlier quoted context omitted.

That's not an unreasonable commute 1-2 days per week though. I've done it in the past. The Bay Area is probably particularly difficult to get far enough out for housing to be reasonable but many areas are not.

A two hour one way commute is entirely unreasonable at any frequency unless it's on the clock.

I have 2 hours round trip every day, 5 days a week. Id take 2 four hour round trips in an instant just because being in the office 5 days a week is absolutely draining all my resources.

Re: Defeated CEOs are now conceding hybrid working is here to stay

#139

Post by [deleted] »

charlie0 wrote: post #60
TexanFeller wrote: post #43

Earlier quoted context omitted.

It makes it bearable to live more cheaply in the suburbs and make the long drive to downtown only a couple times a week. Live in MCOL suburb and work a couple days in HCOL city seems like a fair compromise to me.

Really depends on the area though. In LA for example, you'd have to move 1-2 hours away to get into MCOL or LOCOL. What would be really cool is reconceptualizing hybrid work as quarterly retreats, where the company provides housing and other amenities for 1 to 2 weeks every quarter. This gives everyone time to bond and work on harder problems. I get this wouldn't work as well for those with families because being awa…

[deleted]

Re: Defeated CEOs are now conceding hybrid working is here to stay

#140

Post by jltsiren »

charlie0 wrote: post #15

Hybrid work is the worst of both worlds. Can't move out of a HCOL and now you have to co-ordinate with your co-workers to reap any "benefits" of being in-office. What would be really cool is reconceptualizing hybrid work as quarterly retreats, where the company provides housing and other amenities for 1 to 2 weeks every quarter. This gives everyone time to bond and work on harder problems. I get this wouldn't work as…

I find quarterly retreats worse than hybrid. You lose control of your life, if you have to travel for a week or two every quarter, with the dates set by the employer. I don't mind business travel as such, but I expect to be the one who decides if the trip is worth doing.
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