Met with the CFO of a multi-billion dollar tech startup this weekend.
He told me every smart CFO he knows is cutting office space to reduce burn instead of firing employees.
Pretty simple choice IMO:
Andy Berman
7,493 posts
Andy Berman
@berman66
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00:00 - Remote work is not just young, privileged tech workers. Here are the real faces that benefit from the remote work revolution:
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- Replying to @berman665/ If you can hire remotely and get access to a competitive talent pool, why would you not shed office space, focus on retreats and re-invest the savings? And the kicker? This CFO told me they have seen an increase in productivity + applicants for open roles. It’s a win-win-win
- Last week I tweeted about in-person work being dead – and it is. With remote teams, you get to hire the best people across the world, eliminate commutes, and build/operate 24/7. It’s 💯 the future. But it’s also really hard – here's all the challenges remote teams will face:
- Today, I’m excited to share that Vowel is officially launching out of private beta! Since we launched in mid-2020, we’ve had thousands of people use Vowel while we were heads-down building the future of video calls. Here’s all the amazing stuff we’re sharing with the world 🧵
00:00 - Replying to @berman666/ Offices are going to shift back to closed floorplans. The open concept plan is going to go away and more individual offices will return. People will need quiet places to take calls from the office
- Replying to @berman661/ In 2022, office space seems like a particularly terrible use of funds, especially in expensive cities. Cost per square foot in big cities like San Francisco can be upwards of $87.
- I keep hearing from our customers that Zapier has shipped some of the most interesting agentic behaviors out there. Our customers want to have an agent navigate to a website, scrape the content, and send the data to an app like Google Docs.
00:00 - Replying to @berman669/ Bottom line: if your company wants you back in the office when you don’t need to be in the office to do your work, that’s a red flag.
