this post was submitted on 23 Aug 2023
1758 points (98.6% liked)
Technology
59197 readers
2961 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
At this point i'm convinced it's more about the fact these higher ups have skin in the real estate game. They either know the people who lease their properties, or are heavily invested in the property itself. So they can't get past the mental block that is the sunk cost fallacy to just ditch it, or lose "good boy points" with their rich peers by saying they don't need the property anymore.
I guess it's also harder to brag to your rich friends how big your company is when you have less physical locations too, but at this point i'm just grasping. The amount of money these companies could save it massive, but they just absolutely refuse to do it for whatever reason.