It’s a game of chicken. Whomever blinks first loses and starts a further escalation.

Depends on the perception. If people see the company as weird or wasteful, it can hurt the company. Think of all the negative press companies get. It’s not rational, but it exists and companies fight to minimize those sort of things.

Breaking those types of leases and selling those types of buildings off or not trivial. They will need to figure out a way to ease out of the market, but until then, this is the way they rationalize it