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The difference is that this isn't some company with an existing footprint in a city saying "hey we're gonna hire some more people for our office here". In both
by txcwpalpha 7y ago
The difference is that this isn't some company with an existing footprint in a city saying "hey we're gonna hire some more people for our office here". In both the case of Chicago and especially Dallas, Uber is making significant real estate commitments to go along with these hiring plans. You don't buy up an entire skyscraper office building (and several plots of land around it) and open an entirely new office unless you're either 1) actually planning on filling it or 2) in such dire straits that you're willing to do really whacky shit to make people think you are planning on filling it.
With Uber, it could be either one, but I certainly don't think it's just run-of-the-mill 'marketing speak'.
- dmode 7y agoI don't believe Uber is buying a building, rather leasing out space, which can always be re-negotiated. There have many examples of companies promising a certain number of jobs and never fulfilling them, because who is looking. For example, Foxcon. Also, Uber once committed to build a HQ in Oakland and signed a huge lease. Soon after, they abandoned that plan and started building a brand new HQ in SF
- txcwpalpha 7y agoThe current deal that I've read for Uber's Dallas expansion is that they currently are leasing about 1/3rd of a brand new skyscraper that was just built, have plans to lease 90% of a brand new skyscraper that is currently being built, and also outright purchased several plots of land where they are planning on building office building that they will own. edit: After reading a few different articles it seems like every article says a different story about how much space Uber is committing to, so maybe you're right, it does sound a little wishy-washy.