Facebook: Reducing Overhead and Maybe Management Oversight

May 22, 2020

NBC News (I know “real news” is thriving) published “Mark Zuckerberg: Half of Facebook May Work Remotely by 2030.” The article quotes the fellow who was not really in touch with Cambridge Analytica’s activities as saying:

“We are going to be the most forward-leaning company on remote work at our scale,” the Facebook CEO said in an interview.

The article points out:

Still, Facebook’s move — and Zuckerberg’s expectation of a 50-50 split between in-office and at-home workers by 2030 — marks a seismic shift for Silicon Valley and American business generally, especially if other companies are inspired to follow suit.

One obvious point is that Facebook is aiming to reduce the costs for office space, heat, electricity, and related facility services.

The motivation may be simpler than the complex verbal gymnastics reveal: Facebook can be more profitable, distance itself from certain office behaviors, and use monitoring technology to keep the gerbils running.

How many commercial real estate professionals agree with me? Yep, that’s what I thought.

Stephen E Arnold, May 22, 2020


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