- We asked five CEOs, at companies including Skillshare and Hired, why they decided to get rid of their office space.
- The CEOs said their employees want greater flexibility — and there are better ways to spend money than on rent.
- Some companies are ramping up hiring or giving employees stipends to set up their home offices.
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Rent is expensive. And potentially unnecessary.
Since March, offices around the world have been eerily silent, as the folks who normally fill them have been isolating from the coronavirus at home. Many employers have responded by cutting their real-estate costs.
A Reuters analysis of quarterly earnings calls during a week in July found that more than 25 large companies intend to downsize their office space in the coming year. Business Insider’s Daniel Geiger reported that a growing number of employers — including Macy’s and Yelp — are