Meta – Page 2 – California Globe

Google, Twitch, Discord Announce Massive Layoffs As Bay Area Mass Layoffs Continue

January 12, 2024 2:30 amJanuary 12, 2024 2:31 am

Multiple San Francisco tech firms such as Google and Discord instituted mass layoffs on Wednesday and Thursday, increasing the number of unemployed tech workers in the Bay Area in a year where the region had been projected to begin to...

Unity Gaming Company Announces Mass Layoff of 1,800 In San Francisco

January 9, 2024 2:30 amJanuary 9, 2024 2:31 am

Unity, a San Francisco video game company specializing in game engines, let go 1,800 employees on Monday, becoming the Bay Area’s first major mass layoff a little more than a week into 2024. In the last few years, San Francisco...

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...

San Francisco Office Vacancies Hit New Record – Nearly One-Third are Empty

June 27, 2023 1:11 pmJune 27, 2023 1:11 pm

According to a new study released Tuesday, San Francisco’s office vacancy rate hit a new high of 31.8% in the second quarter of 2023, climbing up from 29.4% earlier this year as the economic situation in San Francisco continues to...

Newest Mass Layoffs Strike San Francisco: Over 2,000 Jobs Lost At Gap, Dropbox

April 27, 2023 12:30 pmApril 27, 2023 3:23 pm

Two major San Francisco-based companies announced mass layoffs on Thursday, with Gap announcing that 1,800 corporate positions will be cut and Dropbox announcing that 16% of all employees, or around 500 people, will be let go. Beginning in October of...

San Francisco Office Vacancy Rates Rise To Nearly 30% In First Quarter 2023

March 28, 2023 3:04 pmMarch 28, 2023 3:06 pm

The office vacancy rate for San Francisco rose to 29.4% during the first quarter of 2023 according to a new study on Tuesday, with the continued pullout of tech firms due to massive downsizing cited as the main reason. Before...