Meta – Page 3 – California Globe

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...

Bill Requires More Notice From Companies Before Mass Layoffs

March 15, 2023 5:01 pmMarch 15, 2023 6:11 pm

A bill that would require larger companies to give at least 90 days notice before a mass layoff is about to happen and add more protections for those workers under contract received a large jump of support on Wednesday following...