Related Posts
More Posts
Any word on layoffs at JPM?
Funniest client interaction?
Additional Posts in Confession
I hate going to the Apple Store nowadays.
Y’all are extra judgy in this bowl.
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.




Visual Storyteller
I can speak for SF, Seattle, and NY — absolutely. This is already happening.
Companies are still in a window where they’ve been locked into leases signed before Covid, and « justifying » those expenses is a major driver behind RTO policies, especially at big firms with large footprints.
But even those big boys are actively looking at reducing those footprints, diversifying their locations, offshoring work to lower COL regions (India’s hot for a fairly well educated population and relatively low perceived geopolitical risk of disruption versus China… but people wildly overestimate the likelihood that those connections won’t be disrupted in the event of instability between US/NATO and China).
More nimble firms, meanwhile, are already shuttering offices and breaking leases, consolidating operations etc etc.
At some point CEO pride will get curbstomped by the accountants and you’ll all the big employers eliminate their offices for everything save a small group the social and sensitive core of their respective businesses (for investment banks: advisors & risk managers; for consulting/tech: anyone who has to work in a SCIF; etc etc).
Visual Storyteller
Pic of an accountant curbstomping a CEO in the wild:
Visual Storyteller
It absolutely has had a major effect on local economies and downtowns.
Enthusiast
Too political 👹
Chief
Turn it into apartments with an office and ample closet space.
Enthusiast
That’s what Elon did with Twitter 👹