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Old 08-31-2020, 09:25 AM   #41
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I suspect many large companies have determined they simply do not need all these employees and can operate efficiently with fewer. The pending Boeing layoffs are telling. I know firsthand from working decades in the defense industry, there exists a chunk of employees that do very little productive work aside from attending meetings. And these are highly compensated employees. Companies like Boeing may well come out the other side of covid as more productive and efficient.
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Old 08-31-2020, 09:34 AM   #42
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“What should have been done” is an endless, no-win debate where rhetoric prevails and it’s impossible to prove the likelihood of a different outcome.
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Old 08-31-2020, 10:19 AM   #43
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I saw today that Pinterest canceled a 490,000 sf lease deal in the SF Bay Area, citing the work-from-home movement. Cost 'em $89M to back out of the lease. I see this as a harbinger of many similar announcements in the coming years.
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Old 08-31-2020, 10:25 AM   #44
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I don’t see how commercial/business real estate is going to come out of this looking rosy.
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Old 08-31-2020, 11:17 AM   #45
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I suspect many large companies have determined they simply do not need all these employees and can operate efficiently with fewer. ...... I know firsthand from working decades in the defense industry, there exists a chunk of employees that do very little productive work aside from attending meetings. And these are highly compensated employees.
I saw the same thing where I worked but also saw that middle managers knew their jobs were directly affected by headcount and therefore perpetuated the present structure until there was change at the executive levels that forced the issue.

I personally think that middle managers are mostly expendable---I know I was (I had an admin asst that could do/did most of my work (paper) and it was painfully obvious for quite a while before I left.

It will be interesting to see the effects of this latest crisis.
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Old 08-31-2020, 01:43 PM   #46
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REI built a beautiful new headquarters building in a park like setting. They will not move in. It's up for sale.

Less than 10 miles away, Google just bought part of a new development that is expected to hold 300 new Googlites in a few years.

Go figure.
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Old 09-04-2020, 03:46 PM   #47
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FYI .. I copied the thread title as printed in the Aug/Sept print issue of AARP magazine, page 28.

Well, not quite, you left some out.
Here's what it said.

"IF YOU ARE WORRIED THAT,
The US ecomony will never recover...

...know that the 1918 influenza epidemic "left no discernable mark on the aggregate US economy"
The articles title is,
How about a little
GOOD NEWS?
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Old 09-04-2020, 04:01 PM   #48
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I don’t see how commercial/business real estate is going to come out of this looking rosy.
Yes. Big time. And I also wonder what else I'm missing. The big picture isn't too rosy.
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Old 09-05-2020, 05:58 AM   #49
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I'm always skeptical when I see words like "never" or "always" being used. Exceptions occur in many situations.
This being an exception, of course.

I love all y'all. I read a lot of the posts and everyone is fabulous, if sometimes cranky. Just like me.
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Old 09-05-2020, 07:29 AM   #50
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Not much worrying here either. My concern is that it takes too long for things to be re-normalized, and I will be too old to travel. This bums me out.
Ditto. Every year I get a little more creaky so I was planning on a lot of international travel early in retirement. That looks so unlikely now that, when I go out to walk, I try to think of different ideas for what ER might look like for me.
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