this post was submitted on 18 Oct 2024
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Amazon cloud boss says employees unhappy with 5-day office mandate can leave (www.cnbc.com)
submitted 1 month ago by FenrirIII@lemmy.world to c/technology@lemmy.world
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cross-posted from: https://lemmy.world/post/20972735

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[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 1 month ago

The cost is spent, but the offices are still assets on the balance sheet.

If demand for offices is lower then all companies that own offices will have to revalue theirs downwards. These impairments have a direct impact on the P&L of the company accounts. Better to force employees to use these assets (and pay their own costs to do so) than show a (greater) accounting loss.