not to be cynical. But presumably many CEOs knew the COVID demands wouldn't last forever, and overhired anyway.
I mean, look at Peleton, did they really think everyone would be locked in their houses for all eternity? No, they took short-term gains deliberately, not caring about the future.
>I mean, look at Peleton, did they really think everyone would be locked in their houses for all eternity?
No. But there was probably a reasonable bet that a lot of people (at least those in comfortable houses) would decide that doing the virtual exercise thing at home really did beat going out to the gym.
One of the things we're seeing right now is that with some exceptions (there's generally more flexibility about going into the office every day than there used to be) the "new normal" looks a lot more like the "old normal" than a lot of people thought it would.
I mean, look at Peleton, did they really think everyone would be locked in their houses for all eternity? No, they took short-term gains deliberately, not caring about the future.