Heard there are 1000 people layoff happend/happening in S&P worldwide, is it true?

I don't know how they are managing finances by buying corers amount of new offices and floors/building, and also scrapping old office equipment which eventually cost more!

If they are reducing salary expenses, why not start with introducing remote work with 0 office expense!

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The government may not support it, even if companies do. Once remote work becomes the norm, many employees are likely to move back to their native towns or states. As a result, their spending and investments would shift away from the states where the companies are headquartered, which could reduce the economic activity and GDP growth of those states.

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But that would be logical right 😅

Logically office expense would cost less , as they can not sell or release property they have so that’s always occurring thing and for operational things it wouldn’t cost much to company probably 15-20 employees monthly salary max

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