Twitter kills its San Francisco headquarters, will relocate to South Bay

Employees will reportedly be transferred to offices in San Jose, and/or to a new engineering-focused office in Palo Alto that will be shared with xAI.

Re: Twitter kills its San Francisco headquarters, will relocate to South Bay

#6

Post by KingOfCoders » Tue, Aug 06, 2024, 5:20 AM UTC

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Re: Twitter kills its San Francisco headquarters, will relocate to South Bay

#7

Post by _kava » Tue, Aug 06, 2024, 5:33 AM UTC

I understand this is HN and many here love SF so can you explain to me how or why a company would want to have a physical location in downtown SF? It is expensive, higher tax, more regulations, all of which are often hated by a pure capitalist corporation. With the remote work push, the argument about talent pool is moot as well.

IMO, moving out of SF is the correct choice. In fact, moving out of CA is also a correct choice, if profit is all a company is looking for.

Re: Twitter kills its San Francisco headquarters, will relocate to South Bay

#8

Post by upon_drumhead » Tue, Aug 06, 2024, 5:39 AM UTC

_kava wrote: post #7

I understand this is HN and many here love SF so can you explain to me how or why a company would want to have a physical location in downtown SF? It is expensive, higher tax, more regulations, all of which are often hated by a pure capitalist corporation. With the remote work push, the argument about talent pool is moot as well. IMO, moving out of SF is the correct choice. In fact, moving out of CA is also a correct…

Twitter received a sweetheart deal from the city to move there

https://projects.sfchronicle.com/2019/mid-market/city/

Not sure it was worth it in the long run, but there was a lot of benefits that normal companies didn't receive.

Re: Twitter kills its San Francisco headquarters, will relocate to South Bay

#9

Post by upon_drumhead » Tue, Aug 06, 2024, 5:40 AM UTC

monksy wrote: post #5

timetraveller26 wrote: post #2

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Employees will reportedly be transferred to offices in San Jose, and/or to a new engineering-focused office in Palo Alto that will be shared with xAI.

Honestly, I think this is the main reason. They'll do some financial shenanigans and xAI is going to benefit.

Re: Twitter kills its San Francisco headquarters, will relocate to South Bay

#10

Post by dgrin91 » Tue, Aug 06, 2024, 5:45 AM UTC

KingOfCoders wrote: post #6

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Why is it important until the election and not after?