Comment by chithanh

> things changed since February 2020

Certainly nobody will blame managers for real estate decisions which were made prior to 2020. But a large number of companies revised expectations that workers would return to office as late as Q1 2023 and some even later.

https://www.vox.com/technology/2023/5/15/23721410/return-to-...

> sunk costs do not justify throwing more good money after bad

Sure. In a rational world, the office space costs are sunk and everybody just moves on. But seeing that RTO just decreases competitiveness for hiring without hard benefits to show for, this indicates that the decisions are not rational. The sunk cost fallacy is easy to fall for, and that is even before considering how business leadership roles attract narcissists who have a hard time taking blame for anything.