Comment on Amazon cloud boss says employees unhappy with 5-day office mandate can leave

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peopleproblems@lemmy.world ⁨1⁩ ⁨week⁩ ago

I’m not sure which locations they are forcing employees back to, but Amazon itself isn’t likely paying rent, they do own some buildings. That is an investment they use in their listed assets.

What’s happening is that other businesses that do rent building space aren’t getting enough revenue due to decreased traffic (think the corner coffee shop that had a steady stream of regulars every morning but now doesn’t). This causes them to leave, driving up the rent of other renters, and you get a “mortgage backed security like” crisis. Amazon doesn’t give two shits about the businesses that leave, or what they pay in rent - they care that their building value grows. Can’t do that if real estate is vacating in the nearby area.

Which to that I say: good, fuck em

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