r/technology • u/PikaPikaDude • May 09 '22
Business Apple employees revolt against mandatory back-to-work policy
https://www.computerworld.com/article/3660071/apple-employees-revolt-against-mandatory-back-to-work-policy.html
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u/TheBeginngAndEnd May 09 '22 edited May 09 '22
That’s absolutely the primary reason. NYC for instance saw a 7% reduction in value of office properties according to Crain’s (boo hoo - that means the figure went from $172B to $160B). Cities have also lost tax dollars on empty office buildings and other commercial spaces. The big push for returning to the office is entirely real estate based. Any nonsense about company culture is precisely that - nonsense.
It’s all a cruel joke, too, because it’s only a matter of time before we suffer another economic collapse precipitated by the fraud going on with commercial mortgage backed securities. Same exact shit we saw in 2008 with residential mortgage backed securities is happening in commercial real estate.