Empty offices are a problem that could result in another run on the banks, some economists have warned, with swaths of new office buildings financed on short-term loans with no leases taken out to pay for it. Morgan Stanley estimates that $1.5 trillion in commercial real estate loans are due to be repaid by 2025.

With 176 offices across the world—some of which cost more than $1 billion to build—it’s perhaps not a surprise that Bloomberg is keen to get his own staff back through the doors, a sentiment echoed by JPMorgan CEO Jamie Dimon.

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[–] KarlBarqs@hexbear.net 1 points 1 year ago

Porky and the PMC can't stand the idea of their workers not being completely under their thumbs.

If you work from home, the work gets done, but you might also be doing something like reading a book, or watching Netflix while working. You might be working in casual clothes, or playing with your cat.

In an office though, Porky has control. They can dictate everything, police everything. Make sure every minute has you working, police your clothing choices, force overtime, force office team building events. The PMC thrives on control.