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RTO doesn’t improve company value, but does make employees miserable: Study (arstechnica.com)

submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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RTO doesn’t improve company value, but does make employees miserable: Study::Data is consistent with bosses using RTO to reassert control and scapegoat workers.

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[–] Buelldozer@lemmy.today 5 points 8 months ago (1 children)

That’s the entire point of RTO drives.

It's really not, although I'm sure more than one C-Suite dweller has gotten a chuckle out of it. No the real point of RTO is trying to stop or soften a pending Commercial Real Estate apocalypse that could be even worse than the 2008 Financial Crisis. It's imminent too, like if it hasn't started already then it will in the next 60-90 days.

We'll know if its begun by looking at the Q1 CRE default rates when they come out in April. If the rate is over 1.9% then you should start keeping your cash in a mattress and stockpiling food...and I'm only semi-joking.

[–] cmbabul@lemmy.world 2 points 8 months ago (1 children)

In the least callous to the everyday people that will suffer way I can say it, good it needs to die. Real estate as an investment needs to die

[–] Buelldozer@lemmy.today 2 points 8 months ago (1 children)

I can understand your opinion when it comes to Residential Real Estate, the stuff that people live in, but I wouldn't extend that to Commercial Real Estate. I see nothing wrong with a Business owning properties that are used by itself or other Businesses. I think the problem comes in when Businesses, especially large Businesses, own Residential Real Estate; especially if ownership of RRE exceeds a certain threshold inside a designated area.

I honestly think a lot of the problems with businesses owning RRE could be solved by not allowing those businesses to be C Corps, maybe constrain them to only Sole Proprietorship or LLC.

[–] cmbabul@lemmy.world 3 points 8 months ago

See I could agree with you for a company owning a building it uses, I don’t consider that investment, I consider that ownership and use, but I don’t think any entity should own land or shelter they aren’t utilizing. I don’t see any real benefit for any but capitalists