I have a new conspiracy theory on RTO in Big Tech. Much has been said about commercial real estate. But I think getting highly capable people to work hard for you is a difficult problem & something tech executives put a lot of thought into. If you don't pay people enough, someone else will. But if you pay them too much, they'll become financially independent. Mid six figures is an objectively life-changing amount of…
I suspect it’s the far more evil banality of “we paid for this office space and it’s pretty awkward to explain to the board why we have this red line item for a ‘10 year lease - office space’ and nobody is in there, so let’s just force 100s of people to come back in against all common sense and metrics that show this is a bad idea.”