OMG! Making them go back to work instead of loafing from home makes them quit?
Oh, my.
/s
When they run out of money they’ll come back.
No one’s coming back. Your competition will eat you.
Back to where? There is no "back to the office" for those we've hired multiple states away. There is no "back to the office" when the company didn't renew the leases.
As for money, it's the company that can ill afford the cost of leasing expensive offices full of lesser capable staff.
Office real estate landlords are loathe to lower the rents. They'll gladly offer you more space for the same money but that doesn't help a firm's bottom line. We had one landlord offering twice the space at the same price but our company still refused to renew the lease because the additional space was irrelevant.
Even before 2020, I would stop in at one office where a full half of one floor was an "exploded" layout where everything was like twice the distance from what it should have been. It looked like a showroom for an office furniture maker. One thing that stood out was that cubicle neighbors couldn't share a waste basket because the desks were too far apart. Yet, there were a couple of neighbors who ended up sharing a waste basket halfway between two desks that were about 12 feet apart. It looked so odd to see a random trash can in the open.
On other floors, they learned their lesson and put up full-height partitions. When I walked around I realized there was a giant empty center to the cubicle farm.
The Scamdemic just made it a whole lot easier to end the leases.