[quote=deadzone][quote=Coronita][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.[/quote]
So when Fed turns off the spigot, there will be an overall recession and tech will be hit very hard. Less jobs industry wide. San Diego and everywhere. Remote and office. At this point, employees will have a lot less leverage to “Demand” that they be allowed to work at home.[/quote]
It really depends. So many retail and entertainment companies are scrambling to reinvent themselves. That won’t slow down because for them it’s sink or swim for them. I’m in this space and our business has been growing during the pandemic. Other companies larger players have taken out low interest loans and using it to invest in their business. My company did something like that. As far as our business is concerned, we have remote workers because we need personnel closer to where our customers are than a central office. It’s easier for them to be onsite to do work that feeds into the product than having them travel back and forth between our Florida office. Hiring someone from Florida and having them spend 60% of their time as engineers on a plane is going to accelerate their resignation than hiring someone in LA next to our clients and allowing them to work remotely and be onsite…same could be said for our clients in the Midwest and Southern states. Also applies to our UK and Aussie customers…In fact now that work remote is more acceptable, there’s no need to restrict remote workers just to field engineers and support engineers and sales… It’s possible now to embed mobile engineers and platform engineers that work on the main product in these strategic locations more easily and as a result run a more integrated team from beginning to end…lots of benefits doing that too, because it reduces the traditional problem of product engineers being out of touch with real customer needs and issues…
Again, unless you are in management and have weighed some of these pros and cons, you won’t know why some of these decisions are made and you’re basing your opinions based on news articles you read that has very little to do with real business problems companies are solving.
