Leaked messages show Amazon will force a ‘voluntary resignation’ on employees failing to relocate near their team ‘hubs’::undefined
They bought a ton of real estate over the years.
Then places like Seattle were literally falling a part without the added cash cow of commuters stuck in bumper to bumper traffic for 16 hours of a workday.
And that commercial real estate is the backing for a LOT of corporate debt. I imagine they’re afraid of the collateral against which that debt was borrowed collapsing in value.
Why is that a concern for amazon?
They already know wfh is as good or even better for productivity. This doesn’t see like a move in their best interest
Seattle was not “literally falling a part”.
https://sdotblog.seattle.gov/2020/06/24/2020-project-pause-en/
It did survive and survived better than others: https://www.seattletimes.com/business/seattle-fared-better-than-expected-in-the-pandemic-economy/
But theres no pussyfooting about it. Shit was bad and we are still in a hard recovery from it. Almost like our cities are suffering from their own form of Long Covid.
