this post was submitted on 29 Aug 2023
590 points (97.0% liked)
Technology
59174 readers
2128 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's not weird when you consider the average real estate lease for companies of this size is probably 10 years or more, so they are sitting on an inventory of empty or more empty than full offices, paying rent on them, but not having anyone in there. Also, many cities/states incentivize "butts in chairs" based tax breaks for companies that hire staff in their cities, and you don't have butts in the chairs, you don't have the tax breaks.
Can you point to one of the butts in chairs breaks? I have never heard of that specific requirement
It'd be buried in a contract somewhere. I only know about it because my company had that deal with a major city in the east coast.
Not to mention the fact that said real estate is all in extremely expensive locales (Bellevue, WA for starters), so that's a lot of money they're blowing on unoccupied buildings.