[quote=deadzone]Problem is if there is layoffs at Shopify or whatever it will be due to after effects of market crash and recession from the bursting of the bubble. So in that scenario most of the industry will be laying off.
Back to the original comment, sure there will probably some companies offering fully remote for a while. However, the point is majority of folks are going to be heading back to the office, at least part time, very soon. And the total pool of fully remote workers will be going down from the peak of Covid. How much this affects RE in San Diego, is debatable, but it is not a positive.
Not every employee or engineer can act like an entitled baby and just quit and move to another company because they don’t get their 100% remote gig anymore. That only works now, if at all, because the job market is so tight due to all of the Fed money printing. If/when the Fed turns off the spigot, there will be a recession and the job market will not be tight anymore.[/quote]
For every company laying off there are a bunch of VC funded new companies. Nothing has changed really. Shopify even doesn’t have a major footprint in CA. Also a bad example, Shopify has been routinely hiring and firing well before their latest wall street numbers. It’s part of their “culture”…
Shopify actually IS one of the companies that count on remote workers to get around the high cost of employee Bay Area employees.Because they know they can’t compete with the FANG companies for talent with deeper pockets.
Besides, given their large customer base, there’s plenty of contracting and consulting work and offshoot products built on top of shopify . It’s not just the company it’s the entire ecosystem of developers and talent to support all the large customer install base. Similar to what Salesforce.com did.
