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Grindr loses nearly half its staff to strict return-to-work rule::Grindr has lost about 45% of its staff as it enforces a strict return-to-office policy that was introduced after a majority of employees announced a plan to unionize.
Corporations get tax breaks from cities based on expected work population and its resulting economic impact on the local economy. Without people in the office, these tax breaks become legally in jeopardy as the city could argue the company hasn’t lived up to its agreement.
And a lot of execs have money in corporate real estate, which, as you can imagine, has lost some value in the last few years.
It’s always about money.