From experience, the office leases could be 10 or 15 years long, although there are probably break clauses every 5, so they probably can’t get rid of them immediately. You’d really hope they were making plans to reduce their office estates over the next few years and shift more people to wfh, but corporate inertia is hard to overcome, so who knows?
Not on a lot of leases, and on the ones where you can, there tends to be fees and a pile of paperwork. Yes, sufficient foresight would have seen the possibility that needs might change, but foresight is in surprisingly short supply in general. For those who can sublet, as I said, corporate inertia is hard to overcome. The businesses that thrive will be the ones who find a solution that works for both the business and the employees.
From experience, the office leases could be 10 or 15 years long, although there are probably break clauses every 5, so they probably can’t get rid of them immediately. You’d really hope they were making plans to reduce their office estates over the next few years and shift more people to wfh, but corporate inertia is hard to overcome, so who knows?
They can sublet tho
Not on a lot of leases, and on the ones where you can, there tends to be fees and a pile of paperwork. Yes, sufficient foresight would have seen the possibility that needs might change, but foresight is in surprisingly short supply in general. For those who can sublet, as I said, corporate inertia is hard to overcome. The businesses that thrive will be the ones who find a solution that works for both the business and the employees.