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While it is uncertain how tenants may approach their office take up in the face of an economic downturn, there are factors landlords can look at to prepare.

The gap between the number of desired remote working days and what employers were offering narrowed from 1.38 days to .44 days.

ByteDance-owned TikTok has recently started the restructuring of its business, which includes layoffs and the elimination of certain roles.

Last month, consumer prices rose 9.4%, heightening the need for the Bank of England (BOE) to increase interest rates to stave off the high cost of living.

Companies are now struggling with over-hiring, leading many to conduct layoffs in order to prepare for a likely recession.

The quarterly survey showed that the number of respondents who want to be in the office full-time has dropped to a two-year low of 20%.

Millennials that see their position as more than “just a job” are three times more likely to stay on with their employer and two times more likely to feel valued.

According to Google senior vice president Prabhakar Raghavan, the company has noted that Gen Z are turning to TikTok to conduct searches instead of Google.

Kastle Systems data shows that coming into the office just before or following a weekend is not ideal, with Monday being the second least popular day.

As the threat of a recession grows, companies are adopting cost-cutting measures that will allow them to weather the incoming storm.