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Amazon exec says it’s time for workers to ‘disagree and commit’ to office return — “I don’t have data to back it up, but I know it’s better.” (fortune.com)

submitted 9 months ago by [email protected] to c/[email protected]

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Amazon exec says it’s time for workers to ‘disagree and commit’ to office return — “I don’t have data to back it up, but I know it’s better.”::“We’re here, we’re back. It’s working,” an Amazon Studios head said in a meeting, before acknowledging a lack of evidence.

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[–] [email protected] 15 points 9 months ago (6 children)

That's still sunk cost fallacy. If they've already paid, it doesn't matter. In fact, they'd probably save money on maintenance and overhead by keeping the office empty (or even subletting it or something).

[–] [email protected] 2 points 9 months ago (3 children)

They don't have leases. They own that real estate. So its value is a considerable line item in the company's value. If they get people in office, it's a boost to the company's value. The property is hit yet sunk in their eyes.

[–] [email protected] 4 points 9 months ago (2 children)

They own that real estate.

Yes, that's the sunk cost. It's fallacious to believe that: just because you've already paid for the real estate in an attempt to earn money in the long term, it's necessarily more profitable to see that plan to the end regardless of changes in circumstances. More often than not, it's better to just cut your losses.

If they get people in office, it's a boost to the company's value.

I don't really understand what this means... We're talking about those people doing that same work, but from home. They're still doing the same amount (if not more due to higher efficiency) of work. Only now you don't need to pay the salaries of maintenance, janitorial staff, security, etc., which would be a savings and help recoup some of the losses.

Or, like I said, if they own the building, they could lease out part of it or all of it themselves while their employees do their work from home.

[–] [email protected] 3 points 9 months ago

The people who claim "real estate value!" have just latched onto the simplest reason they can which aligns with their worldview.

The reasons I suspect companies are forcing return to office are more:

shareholders don't like unused assets, so they tell the ceo to "use it or lose it"
the people who make the decision have the type of extroverted personality where they actually do work better in the office and they can't fathom people being different
the people who make the decision prefer to have the office full because it makes them feel more powerful. They can see the people they lord over.

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