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Does anyone have a clear picture of how this affects the employees and office footprint of FRB in the short and long term? FRB had announced 25% layoffs last w
by SeanAnderson 3y ago
Does anyone have a clear picture of how this affects the employees and office footprint of FRB in the short and long term?
FRB had announced 25% layoffs last week. Is that still on the table? Does it go higher?
FRB is one of the largest leasers of commercial office space in SF at 150,000 sqft*. Is it expected that there will be significant reduction here? Or business as usual?
* https://www.crexi.com/insights/the-san-francisco-commercial-real-estate-market#:~:text=First%20Republic%20Bank%20150%2C000%20SF%2C https://www.crexi.com/insights/the-san-francisco-commercial-...
- bragr 3y agoTypically in these kinds of situations, most of the customer facing branch employees keep their jobs but no so much with the back office people.