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X to shut down SF office in 'next few weeks,' according to report
- techostritch 2y agoDo the employees know?
- Andaith 2y ago> “This is an important decision that impacts many of you, but it is the right one for our company in the long term,” Yaccarino reportedly told employees
- deleted 2y ago[deleted]
- woah 2y ago[flagged]
- proc0 2y agoBy having less businesses? I mean that's what SF leadership thinks for sure.
- talldayo 2y agoThis but unironically. SF was broken by gentrifying every inch of rentable property and pricing out the entire population that was supposed to serve as your untrained workforce. So now you have DARPA alumni serving you a $99 salad because they have to pay rent for their 150 sqft coffin apartment. This glorious "business" is the gory wheel that keeps such a godforsaken city going. Undervalued professionals filling jobs of necessity to pay for overpriced assets; why, it's a libertarian utopia. In such an expensive game of chicken you start to wonder who's going to blink first. Source: I grew up in Detroit and watched this happen with tenured automotive employees instead of vegan self-made developers. You won't believe what happens next!
- alphabettsy 2y agoThe headcount already shrunk massively in that office right? Can’t mean much in the grand scheme other than being symbolic?
- technol0gic 2y agoi mean, theres rent...
- sundaeofshock 2y agoX is being sued by their landlord for unpaid rent.
- hnburnsy 2y agoWonder if these SF targeted taxes contributed to the move. I think Musk was debating Benioff about the HGR recently, something about payment processing and gross receipts... Overpaid Executive Tax (OE) https://sftreasurer.org/business/taxes-fees/overpaid-executive-tax-oe https://sftreasurer.org/business/taxes-fees/overpaid-executi... Homelessness Gross Receipts Tax (HGR) https://sftreasurer.org/business/taxes-fees/homelessness-gross-receipts-tax-hgr https://sftreasurer.org/business/taxes-fees/homelessness-gro...