this post was submitted on 09 May 2024
130 points (100.0% liked)
Technology
37360 readers
172 users here now
Rumors, happenings, and innovations in the technology sphere. If it's technological news or discussion of technology, it probably belongs here.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Part of it is management that can't handle their duties if they can't walk over and intimidate workers. The other bit is many companies have cash reserves invested in commercial real estate instruments, and can't handle the profoilo hit. And many of those company leaders are also personally invested in that same real estate.