Comment on Tech CEOs are backtracking on RTO mandates—now, just 3% want workers in the office full-time

• Gradually_Adjusting@lemmy.world ⁨2⁩ ⁨months⁩ ago

  The complex interplay of macro and micro

  source
• Sc00ter@lemm.ee ⁨2⁩ ⁨months⁩ ago

  There’s some of that. I know companies in my city were given tax breaks for hosting their office building there. The theory is, the business brings more people into the area who will be spending money on lunch/happy hour/gas/etc. The tax income of that is more than the tax benefit they offer the company.

  Well, people stop coming to the office, and their tax benefit of the employees being in the city dries up. The city was threatening the companies tax benefit if the people didn’t come back, and thus, RTO (in my city, anyway).

  source

  • cyberpunk007@lemmy.ca ⁨2⁩ ⁨months⁩ ago

    Never thought about that angle, makes sense though

    source
• thesporkeffect@lemmy.world ⁨2⁩ ⁨months⁩ ago

  I agree that those were side benefits of RTO, but it’s only stopping because they are planning to start buying up and hoarding tech workers again when the interest rate drops.

  source