Right - part of their leadership wants to to RTO now! The other part says "wait! offices are too expensive and even H2 isn't safe. Wacky world we're in.
It's like that headline about Google making employees share desks. Seems like they are hell-bent on doing "worst of both worlds" hybrid instead of "best of both worlds" hybrid.
These decisions were made by the same people. They are opening up buildings with 14,000 seats in June in a city where they have 8,000 employees. There may be issues in May, finding desks for people won’t be an issue a month later.
But not yet announced next layoff waves.
Trying to keep their current RE portfolio value propped up while they simultaneously divest as fast and as quietly as possible out of commercial RE.