> You would think that the people in charge would see that real estate is an unnecessary expense, where applicable.
Some real estate is a sunk cost, and the execs doubling down on it. Apple and Google both dropped 2 or 3 billion combined on fancy new offices just before the pandemic. You can’t sell those buildings, their too big, and they’re not subdivided well enough to rent out parts of them, so everyone comes back to work
Apple's HQ campus is an interesting one because it's only a small percentage of their employees that actually work there. I imagine if they downsized their silicon valley properties down to infinite loop and the ring building, they'd still be able to easily fill them up with people who like working onsite, conference rooms, meeting spaces, labs, etc.
I am not personally aware but I do remember hearing they had office spaces all over the place because they don't have enough room on the main campuses for all of the employees.
Some real estate is a sunk cost, and the execs doubling down on it. Apple and Google both dropped 2 or 3 billion combined on fancy new offices just before the pandemic. You can’t sell those buildings, their too big, and they’re not subdivided well enough to rent out parts of them, so everyone comes back to work