Steve Schwarzman of the Blackstone group said staff want to work from home so they can save money
The boss of the world’s biggest commercial landlord has accused remote workers of staying away from the office because it means they “don’t work as hard” and can save money.
Steve Schwarzman, the chief executive of investment firm the Blackstone group, made the claims about hybrid staff while speaking on a panel at the Future Investment Initiative summit in Riyadh, Saudi Arabia.
In remarks first reported by Bloomberg, he said employees had kept working from home because “they didn’t work as hard, regardless of what they tell you” and also due to the savings they make on their daily commute, lunches and work attire.
I loathe this definition that has become the norm. The goal of a business used to be to provide a good or service, with profit as the reward for success. The profit being the purpose is what leads to the constant, unnecessary enshitification.
I completely agree and have had this exact argument many times. It is no less infuriating now than it was years ago.