Economic pain train's a coming (Boston, Somerville: casino, shops, bus)

[massnative71]

Originally Posted by AtkinsonDan

I think some posters are painting hiring managers with a very broad brush.

Well...a lot of times people incorrectly infer something as universal, when they really meant to say "I" as a hiring manager, etc.

[Bridge781]

Twitter is letting employees work from home...forever https://www.cbsnews.com/news/twitter...NDH4Xzc8sROyfs

[yesmaybe]

2.98 million filed for unemployment last week, plus another 841k filing for PUA.

[yesmaybe]

https://www.bloomberg.com/news/artic...sky-high-rents

Focuses on the Bay Area but it talks about people already talking wanting to leave if they can get away with WFH.

[mdovell]

Nationwide will probably going to be looking at 20% unemployment at least in the next report. Stayed wide we're at about 25%.

https://www.masslive.com/coronavirus...-suggests.html

the highest rates seem to be in tourist areas in rural areas that depend on tourism places that have beaches and second-home owners.

I don't see a lot of this changing the next six weeks or so. If somebody has say a 4 year old and an 8 year old is still going to be more willing to stay at home for a job because you schools aren't open and your daycares are going to be open until July.

[BostonMike7]

We got a first glimpse at our "return-to-work" plan for WFH employees. No date on when this will occur yet, but they are putting plans in place. The higher-ups do no want to leave indefinite WFH in place.

Basically it's staggered office hours. Team A will go into office Mon-Wed-Fri, and team B will report Tue-Thur. The following week, the two teams switch. It's actually what I do now, but rolled out to non-essential employees as well.

We have different plants around the US, so these plans will roll out at different times depending on what states do locally. I imagine our mass location will be among the last to go back in given it's location in the 18th hardest hit county in the US.

[yesmaybe]

Originally Posted by BostonMike7

We got a first glimpse at our "return-to-work" plan for WFH employees. No date on when this will occur yet, but they are putting plans in place. The higher-ups do no want to leave indefinite WFH in place.

Basically it's staggered office hours. Team A will go into office Mon-Wed-Fri, and team B will report Tue-Thur. The following week, the two teams switch. It's actually what I do now, but rolled out to non-essential employees as well.

We have different plants around the US, so these plans will roll out at different times depending on what states do locally. I imagine our mass location will be among the last to go back in given it's location in the 18th hardest hit county in the US.

That kind of defeats the whole purpose of having people in-office.

[BostonMike7]

Originally Posted by yesmaybe

That kind of defeats the whole purpose of having people in-office.

I know. Needs some tweaking. I believe the intent is to develop a plan to allow non-essentials who wish to return to the office to come in in a method that allows for better social distancing.

Some people have expressed a desire to return to the office. For example, sales persons who WFH with screaming kids running around in the background.

They just don't want a full building just yet.

[audemars]

Our company's coming in as expected - productivity has been up and results well ahead of plan. Initial thoughts are 1/3 of the workforce can come to the office, 1/3 can split time and 1/3 can WFH permanently - which more or less fits the desired work profile of our team.

The idea that folks wait in 20min lines to get on elevators, only to ZOOM with the guy in the next office is comical.

There's no way this doesn't hit the businesses that piggyback on downtown offices - the bars, restaurants, shoeshine guy, bank branches, etc. Icahn's the best out there and he's short commercial RE. The mgmt consultants planning on everyone returning should dust off their CVs - they are the first cost that's going to get cut. The old corp playbook is useless, we're now in the 'here be dragons' part of the map.

[Bridge781]

It seems like a lot of companies are going to be remote for a while. I was thinking of the restaurants and take out spots in the seaport earlier. They depend so much on workers getting lunch and dinner there. I can’t imagine that area is doing well now at all.