Dropbox drops bucks to ditch digs in long-term WFH model Dropbox is shuttering one-quarter of its office space at corporate HQ in San Francisco. To be more precise, it is paying $79 million to the landlord to amend the contract and forgo more than 165,000 square feet. The file hosting service went fully remote under the Virtual First initiative in March 2020 when the world was …
Those folks making $300,000 to $48,000,000 a year in the upper decks have *investments* man, and those investments are their *retirement* income man, and man, if the REIT1 that owns 3/4's of down towns offices ain't *making* 32% ROR that damn retirement fund isn't gonna be coughing out $550,000 annually, and man the retirement is gonna mean that they have to downsize the mother40(%ing yacht to an 80 footer. And thats just wrong, man, I mean, 80 footers can only carry ONE helicopter!
1 Real Estate Investment Trust
and many more are now forcing staff into the office for three days a week
Meta:
We believe sustainability is about more than operating responsibly. It is an opportunity to support the communities we are a part of and have a positive impact on the world.
Amazon:
We believe we have an obligation to stop climate change, and reducing carbon emission to zero will have a big impact.
TikTok:
ByteDance, the Chinese internet company that owns TikTok and other social networking apps, has announced its commitment to 100% renewable energy in its global operations by 2030 and to be net zero by 2030, reducing emissions by 90% by 2030.
Enabling employees to work from home is a straightforward strategy for reducing emissions and lessening carbon footprints. Employers ignoring this are blatantly greenwashing. Their demand for unnecessary commuting inflates pollution levels, crams public transport—making life harder for those who genuinely must be on-site—and saps vitality from local economies. This stubbornness heightens stress, cuts into productivity, and needlessly burdens public services, showing a disregard for community well-being and the planet's environmental balance.
If I was investing in companies, this is the kind of move that would suggest to me the management team were competent, suggesting a better investment than most of the other big tech names who are determined to waste everyone's time by dragging people back into an office so their boss can distract them with inane requests in person.
San Francisco has public transportation but there's a limited number of people who can get in or out of the city. Roads are choked, parking is extremely limited, and the trains are slow. All of those options are expensive. Offices in SF are mostly for people who live in SF.
Then there's the matter of who lives in SF. It's good for college grads crammed into a rental and families with $10 million for a house on a hill. Anyone between that doesn't like their salary buys.
It's all quite a restriction on who you can employ.
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