Not the biggest waste, but weirdest one.
Around 2001, my wife worked for a national company, and her team was split between east and west coast.
No working from home or laptops, Desktops were standard for them.
If someone needed to work from home, they had a single laptop they could use. For the whole team. So, if that laptop was in NC, and someone in CA needed to work from home, they had to box it up, ship it (with full insurance, rush shipping, and a few days notice) to the other coast.
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