this post was submitted on 15 Nov 2023
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The article itself seem to cast doubt on the remote work policies themselves being the cause of the revenue growth, but that the remote work policies were more a symptom of the company's culture (more trust in their employees). Though it could just be a chicken/egg thing, where the only reason these companies are so flexible and trusting with their employees is because the company is already doing well, whereas companies that aren't doing well feel the need to "tighten belts" and start restricting things. To me, it almost seems like the canary in the coal mines. If a company starts restricting work from home, chances are there's something else already going wrong.
For now, restrictions are mostly coming from companies that still have leases on big office spaces, and who don't recognize a sunk cost fallacy when they see one. We'll see how that plays out in the next few years as those leases expire.
Enter my employer, who recently was all too pleased to share with us that between now and when their lease is up in 3 years, two other agencies in our building have indicated they're looking to scale back their space, which means my agency might have the "opportunity" to acquire more space in the building!