Bay area tech layoffs – California Globe

San Francisco Office Vacancy Rates ‘Marginally Improves’ First Time in Five Years

December 17, 2024 4:16 pmDecember 17, 2024 4:16 pm

According to new preliminary data from real estate services company JLL, San Francisco saw their first drop in office vacancy since 2019 in Q4 2024, marginally improving from 34.5% last quarter to 34.3%. Before the COVID-19 pandemic, San Francisco had a...

Healthcare Company Optum Announces SoCal Workers Layoffs

July 30, 2024 2:35 amJuly 30, 2024 2:36 am

Optum, a healthcare company and subsidiary of UnitedHealth, announced during the weekend that 364 healthcare workers in Southern California will be laid off between September and January 2025, with 525 being laid off nationwide. While in recent years the Bay...

San Francisco Fed President Urges Companies to Get Employees Back In Offices

July 9, 2024 2:30 amJuly 9, 2024 2:31 am

According to a new report by real estate firm CBRE, San Francisco’s office-vacancy rate rose to a new record high of 37% in the second quarter of 2024. This sparked San Francisco Fed President Mary Daly to say that companies...

San Francisco Office Prices Have Fallen From $90/Sq. Foot To $62/Sq. Foot In Only 4 Years

May 23, 2024 12:19 pmMay 23, 2024 12:19 pm

A new report by real estate agency Cushman & Wakefield released this week found that the average office rent price in San Francisco has plummeted from $90/square foot in 2020 to $62/square foot today, marking a huge collapse not seen...

San Francisco Office Vacancy Rates Reach Record High

March 23, 2024 2:35 amMarch 23, 2024 2:36 am

According to a new report by real estate firm CBRE, San Francisco’s office-vacancy rate rose to a new record high of 36.6% in the first quarter of 2024, albeit with some positive news that tech and AI companies could reverse...

San Francisco Office Vacancy Rates Reach Record High of 35.9%

December 19, 2023 2:30 amDecember 19, 2023 2:31 am

According to a new report by real estate CBRE, the office vacancy rate of San Francisco hit a new high of 35.9% for the fourth quarter of 2023, shooting up nearly a full percentage point from the previous high of...

San Francisco Office Vacancies Reach 35%, Breaking New Record

December 1, 2023 4:43 pmDecember 1, 2023 4:43 pm

According to a new study released on Friday, San Francisco’s office vacancy rate hit a new high of 35% in December, climbing up from 29.4% earlier this year as the economic situation in San Francisco continues to get worse. Before the...