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Leaked document shows Amazon expects to save $1.3 billion by slashing office vacancies and terminating leases early
This will be another blow to the commercial real-estate market, which is already reeling from remote work, overbuilding, and corporate retrenchment.
Last year, Amazon started requiring most employees to be in the office at least three times a week, and forced some remote workers to relocate closer to their central "hubs." Internally, Amazon is aware of how last year's RTO policy caused confusion and frustration among some employees, people familiar with the plans told BI. Amazon expects to save roughly $1.3 billion in coming years by radically reducing office vacancies, according to a person familiar with the matter and an internal document obtained by Business Insider.
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