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Because they have allowed tail functions like HR and Building Services to set company policy with no thought to the wider effect on the company. Aka I got my bonus and I don't care if I have F%$Ked up the company

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At a previous job, I was sent to a partner company who was building a web site we'd take over. This company had a wide open floor plan (except for the execs). I remember one day our HR VP visiting and exclaiming how wonderful this is. She said she wanted to implement it where we worked. She asked me what I thought with this beatific smile, and I said I found the never ending movement and ad-hoc meetings around me to be distracting. The smile on her face dropped and she said, "You'll get used to it", as she walked away.

"At a previous job ..."

Quite.

CFO's don't get bonuses for increasing productivity.

They get bonuses because they "saved" the companies millions by cramming more workers in a smaller space. Then they get another bonus to figure out how to cram more workers in, because for some weird reason productivity has gone downhill.

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