Thank you HMP
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False about the remodels stopping after floors 30-39 in HOU150. Some floors in HOU140 have been completed. Others soon to begin.
@ab with a 1.3 employee ration to 1 desk, i would estimate there are still another 30% of employees in Houston to layoff as the upskill the Engine over the next 2 years.
@b3 I’m not sure there’s enough ROI. We are spending a lot of money on the buildings (floor renovations, conference space, elevator and escalator upgrades). Sure, they would make the property more marketable, but maybe not much more valuable. Also, there aren’t many single occupants that would need that kind of space, so marketability is reduced. Converting to multi-tenant would be costly as well. I’m not convinced a sale is a likely outcome, but I have no inside scoop.
The remodels are to increase the value on the buildings to sell them. The layout is not meant to bring people together.
Don't forget the deloitte consultants!
I like how they have neighborhoods. If you have a neighborhood, why not have a house (real office/assigned seats)? Message is clear. Take all your cr-p home. Your seat at the table is only temporary until we need to reduce headcount.
@a9 complete waste of shareholder returns after we lay off so many people.
That’s is why they are stopping after they complete 30 through 39 in HOU150. The cost is those floors must be very expensive. I can’t believe there is so much common space for “collaborating”. With a 1.3 staff to 1 desk. I am not leaving my desk for more than 30 minutes at a time