Posted on 08/30/2020 8:23:59 PM PDT by Vendome
Pinterest, a social-sharing site popular for pinning recipes, home inspiration and more, has canceled its large San Francisco office lease.
The lease was for 88 Bluxome, a high-rise complex to-be-constructed near Pinterest's existing San Francisco headquarters. The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.
The company cited a shift to work-from-home due to the coronavirus pandemic in its decision. Pinterest will keep its current city offices, however.
The termination fee for the 490,000-square-foot office space is $89.5 million, Bloomberg reports.
The change in working life may also trigger a change in Bay Area demographics. In an anonymous survey of 4,400 tech workers, two-thirds of respondents said they would consider leaving the region permanently if allowed to work from home.
(Excerpt) Read more at sfgate.com ...
Yeah.. One, whose boutique I loved to frequent, will sell whatever possible on eBay, I’m sure. I am sad for her, and sad that one of my favorite places to peruse was destroyed by this scam.
Read an article somewhere recently about a large number of 2nd-home Lake Tahoe owners moving there permanently and pissing off the long-time locals in the process.
I thought the place was GREAT, but more than a bit jammed up back in the early 70s.
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