Re:Dell goes back on WFH pledge, forces employees to come ba...
by LorenPechtel on Monday May 15, 2023 @01:17PM
(#35951436)
Yup, I think what's happened is we have a lot of upper level people are going to have bad numbers from WFH becoming the norm and thus they are fighting it. No need for a conspiracy, they're just a bunch of people responding to the same forces.
There's no need for a "conspiracy theory" to explain it. The better way to look at it is:
Some VP at Dell leased X million sqft of office space on a long term lease that does not expire until the year 2030 (thereby getting a good deal and locking in a lower rent until that time) sometime before the pandemic flipped things to "WFH".
Now, post pandemic, with most employees in WFH status, Dell, the company, is paying $Y million/month for X million sqft of office space, which is going unused -- and they can't get out of their 2030 leases early without taking an even bigger loss. So from Dell executive's viewpoint's, this is office rent going to waste, so if it is going to be paid for anyway, we might as well force employees back to the office so we don't have to report the rental costs as pure losses on our quarterly reports to the SEC.