Grass8989 t1_iykvubr wrote on December 2, 2022 at 3:34 AM

Reply to comment by bustedbuddha in Morgan Stanley finally lures bankers back to the office 5 days a week by smallint

Their office space leases are usually negotiated for decades, so there is mostly likely no increase in spending there.

bustedbuddha t1_iyl098s wrote on December 2, 2022 at 4:10 AM

Electricity, bandwidth, building services, utilities etc... etc...

Additionally in a company the scale of Morgan Stanley there are (and will continue to be) new Office spaces opened and closed every single year. This means there are constant opportunities to save money for those same decade timescales.

In a smaller company that may be a factor, but it's still cheaper even if you're biting down on sunk cost, to have workers be remote.

Grass8989 t1_iyl4o0d wrote on December 2, 2022 at 4:51 AM

Theses costs are already factored in. Clearly they feel like the costs outweigh any downside, since they want their workers back in the office.

Monkeyavelli t1_iylfilu wrote on December 2, 2022 at 6:50 AM

This feels more like an ego thing than a cost thing.

bustedbuddha t1_iyl822y wrote on December 2, 2022 at 5:25 AM

"these savings are found money so we plan to waste them" that's what I'm hearing.

edit: look, my point is that you should have to show it's better to be worth spending money on. I'm sure there are companies that could easily do just that. Most of the financial services industry seemingly could not if they had to.