To the part in the original post about people in the office: Transparency would potentially help tow the return to work posturing better. If the truth that a LOT of tax monies earmarked for entities that are “hybrid” in Richmond, NY, Plano etc were discussed openly…that “proving” you have a certain percentage of your workforce commute in every day (via badge swipes) it means those same people are buying gas at the local gas station, spending money at the grocery store on the way home, using dry cleaners, etc. people back at work is good for the local economies that Capital One has major headcount in.
If tax incentives were threatened because too many people work from home, threatening the advantaged tax statuses, well makes sense that they would call everyone in under the guise of “collaboration”. Has leadership even read the sentiments expressed in the associate surveys? Flex and hybrid are here to stay and it’s for all the wrong reasons we are being told to come back in. we will be able to pay better, layoff less, have more reserves etc if we get these tax breaks. Just say it…
It’s also hard to give up vanity real estate you don’t really need. Time to get good at sub leasing office space, Rich. Times have changed, so why hasn’t Capital One?